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NOTABLE TRANSACTIONS: Florida REIT acquires Des Moines-area child care center properties

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A real estate investment trust located in Orlando, Fla., acquired six Des Moines-area child care center properties, Polk County real estate records show. NNN REIT LP paid:

– YBRDM22 CRE LLC $2.6 million for property at 1901 James St. in Grimes, records show.

The property includes a 6,695-square-foot, one-story building constructed in 2014. The property is valued at $1 million.

– Stillwater CRE Partners LLC just over $2 million for property at 1602 SW White Birch Circle in Ankeny, records show. The 1.1-acre parcel includes an 8,000-square-foot building constructed in 2005. The property is valued at $2 million.

– Des Moines Childcare Holdings LLC just over $1 million for property at 2501 SE Creekview Drive in Ankeny, records show. The 1.3-acre parcel includes a 6,522-square-foot building constructed in 1994. The property is valued at $1.3 million.

– Des Moines Childcare Holdings LLC just over $2 million for property at 2860 SE Grimes Blvd. in Grimes, records show. The property includes an 8,000-square-foot building constructed in 2013. The property is valued at $1.4 million.

– Des Moines Childcare Holdings LLC $3.1 million for property at 415 W. Bridge Road in Polk City, records show. The property includes a 12,036-square-foot building constructed in 2000. The property is valued at $1.1 million.

– Altoona Childcare Holdings LLC $1.5 million for property at 907 Eighth St. SW in Altoona, records show. The 1.1-acre parcel includes a 3,144-square-foot building constructed in 1990. The property is valued at $559,000.

All of the transactions were recorded Feb. 2.

In other transactions:

2109 W. 1st Street Investors LLC, located in Encino, Calif., paid 1st Street Flats LLC $3.5 million for property at 2101 W. First St. in Ankeny, records show. The 2-acre parcel includes a 48-unit apartment complex that was developed in 1973. The property is valued at $2.6 million. The transaction was recorded Feb. 2.

One04 Partners LLC, located in Urbandale, paid AM Anderson Properties LC $3.2 million for property at 2771 104th St. in Urbandale, records show. The 3.8-acre parcel includes a 29,210-square-foot flex building constructed in 1992. The property is valued at $3.1 million. The transaction was recorded Feb. 2.

The Federal Home Loan Bank of Des Moines paid the city of Des Moines $7.3 million for property at Ninth and Locust streets in downtown, records show. The property includes a seven-story parking garage with over 1,000 spaces. The Des Moines City Council approved selling the garage last October. The transaction was recorded Feb. 2.

Genesis Homes Inc., located in Waukee, paid Hope Development & Realty LLC $1.2 million for 28 residential building lots in northwest Johnston, records show. The lots are in Ridgedale Heights Townhomes Plat 2. The transaction was recorded Feb. 3.

2100 Delaware LLC, located in West Des Moines, paid 6450 LLC and HARC LLC $4.4 million for property at 2100 Delaware Ave. in Des Moines, records show. The 4.5-acre parcel includes an 88,188-square-foot warehouse built in 1956. The property is valued at $3.8 million. The transaction was recorded Feb. 4.

Hauser Properties LLC, located in Rhodes, Iowa, paid Swaich Enterprises LLC just over $1 million for property at 1537 E. Euclid Ave. in Des Moines, records show. The property includes a 19,680-square-foot warehouse built in 1980. The property is valued at $620,000. The transaction was recorded Feb. 5.

Williams Turf Farms Inc., located in Clive, paid Clark Properties LC $2.1 million for property at 5335 Merle Hay Road in Johnston, records show. The 2.5-acre parcel includes a 12,500-square-foot neighborhood shopping center built in 1994. The property is valued at $1.7 million. The transaction was recorded Feb. 6.

DB Des Moines 375 LLC, located in Leawood, Kansas, paid the Michele Rothe Kahn 2003 Revocable Trust $1.3 million for property at 4800 SE 14th St. in Des Moines, records show. The 1.2-acre parcel includes a 3,716-square-foot fast food restaurant built in 1995. The property is valued at $1.3 million. The transaction was recorded Feb. 6.  

Dallas County

Fadi and Bessma Alkhatib paid SJ Home Builders LLC $1.1 million for property at 4627 178th St. in Urbandale, Dallas County real estate records show. The property includes a 4,148-square-foot, two-story house whose construction was recently completed. The transaction was recorded Feb. 4.

Richard Snyder Jr. paid Dynasty Partners Homes LLC $1.2 million for property at 11286 Twilight Drive in West Des Moines, records show. The property includes a 2,195-square-foot house whose construction was recently completed. The transaction was recorded Feb. 2.

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Kathy A. Bolten

Kathy A. Bolten is a senior staff writer at Business Record. She covers real estate and development, workforce development, education, banking and finance, and housing.

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