Missouri company buys undeveloped land in Altoona
Equipmentshare.com Inc., located in Columbia, Mo., paid I-80 Business Park LLC slightly more than $1 million for undeveloped property at 1995 21st St. N.W. and 2439 20th Ave. N.W. in Altoona, Polk County real estate records show. The undeveloped lots are adjacent to each other in a light industrial area west of Hubbell Avenue. EquipmentShare was started in 2014 by brothers Jabbok and Willy Schlacks. The company rents and sells construction equipment to contractors; repairs and services the equipment; and offers digital support to the construction industry. In 2022, the company opened 32 branch locations, expanding its footprint to 150 locations, according to a news release. The Altoona transaction was recorded May 23.
Threshold Capital LLC, located in West Des Moines, paid the estate of Mildred Lucille Webb $2.1 million for property at 8630 N.E. 72nd St., north of Bondurant, records show. The 78-acre parcel includes farm ground, a single-family house built in 1900 and several agricultural-related buildings. The transaction was recorded May 22.
For5 LLC, located in Des Moines, paid NJC Properties LLC $360,000 for undeveloped lots at 2425 and 2501 McKinley Ave. in Des Moines, records show. The parcels are north of the Des Moines International Airport. The transaction was recorded May 23.
1311 Industrial LLC, located in West Des Moines, paid Elkhart Properties LLC $4 million for property at 1311 N.W. Laurel St. in Elkhart, records show. The property includes 24 warehouse condominiums located in a 1,800-square-foot metal structure built in 2022. The transaction was recorded May 23.
Hurd Fuller LLC, managed by real estate developer Richard Hurd, paid the Kendall Reed Revocable Trust $1.5 million for property at 1611 Fuller Road in West Des Moines, records show. The 1.1-acre parcel includes a 6,270-square-foot warehouse built in 2017. The property is valued at $865,000. The transaction was recorded May 24.
Provision Properties II LLC, located in Clive, paid Ankeny 8 LLC $1.47 million for property at 1114 and 1202 S.E. Belmont Drive in Ankeny, records show. The property at S.E. Belmont property includes a three-story apartment building with 12 units. The property is valued at $940,000. The property at 1202 S.E. Belmont includes a two-story apartment building with eight units. The property is valued at $640,000. Both structures include brick exteriors and were built in 1970. The transaction was recorded May 26.