isu web 102224 728x90

NOTABLE TRANSACTIONS: Hotel group buys land in Ankeny’s Prairie Trail development

/wp-content/uploads/2022/11/BR_web_311x311.jpeg

A hotel group based in Coralville has purchased land in the District, the commercial portion of Prairie Trail, a planned development in Ankeny, Polk County real estate records show.

PT 2021 Hotel Associates LLC and Kinseth PT TIC Owner LLC, entities managed by Kinseth Hospitality, paid DRA Properties LLC $1.75 million for the parcel, records show.

Construction of a 133-room Home2 Suites and Tru by Hilton is expected to begin this spring, Ashley Johnson, marketing director for DRA Properties LC., has said. The hotel will be located south of Kirkendall Public Library. It is being developed by Kinseth Hospitality, which operates the Residence Inn by Marriott, also located in the District.

The transaction was recorded March 31.


In other transactions:

Kutscher Holdings LLC, located in West Des Moines, paid Hurd Waukee 2 LLC $1.36 million for property at 801 S.W. 63rd St. in Des Moines, records show. The property includes a 5,000-square-foot retail building constructed in 2002. The building is occupied by Napa Auto Parts. The property is valued at $634,000. The transaction was recorded March 28.

William C. Knapp LC, located in West Des Moines, paid Nelson Development LLC $6.33 million for property at 4020 Merle Hay Road in Des Moines, records show. The 1.4-acre parcel includes a 12,987-square-foot medical office building constructed in 2009. The property is valued at $2.8 million. The transaction was recorded March 28.

LDR Iowa VI LLC, located in Scottsdale, Ariz., paid James Rittgers and others $1.78 million for property at 5323 Meredith Drive in Des Moines, records show. The property includes 5.7 acres on which mini-warehouses are located. The property is valued at $1.7 million. The transaction was recorded March 29.

KGAF LLC, located in Ankeny, paid Scott Faulkner and Caitlin Faulkner $1 million for property at 742 S. Ankeny Blvd. in Ankeny, records show. The property includes a 10,094-square-foot office medical building constructed in 2005. The building is located on 1.4 acres. A veterinary clinic is located in the building. The property is valued at $1 million. The transaction was recorded March 29.

Git N Go Convenience Stores Inc. paid Frank and Melba Scaglione $1.3 million for property at 3000 and 3030 Merle Hay Road, records show. The 0.42-acre parcel at 3000 Merle Hay Road includes a 2,604-square-foot convenience store built in 1979 and remodeled in 2005. A Git N Go occupies the store. The property is valued at $560,500. The 0.8-acre parcel at 3050 Merle Hay Road includes a 6,756-square-foot office building constructed in 1979. The property is valued at $651,000. The transaction was recorded April 1.

AJ Real Estate LLC, located in Clive, paid Scott and Margaret Gaulter $1.68 million for property at 9451 Swanson Blvd. in Clive, records show. The property includes a 19,886-square-foot one-story office/warehouse constructed in 1998. The parcel is nearly 2 acres. The property is valued at $1.42 million. The transaction was recorded April 1.

McKinley Duplexes LLC, located in Des Moines, paid Larry and Kathleen Scott just over $1 million for property at 4800 S.W. Third St. and 330 McKinley Ave. in Des Moines, records show. The property at 4800 S. W. Third St. includes six duplexes, each with 1,456 square feet of living space. The residences were built in 1968. The property is valued at $800,500. The property at 330 McKinley is also a duplex that has 1,456 square feet of living space. The property is valued at $154,000. The transaction was recorded April 1.

 

Boulder Ridge Duplex LLC, located in Altoona, paid Bridge Pointe LLC $2.25 million for property at 407 W. Bridge Road in Polk City, records show. The property includes a 11,400-square-foot neighborhood shopping center that was built in 2016. The property is valued at just over $2 million. The transaction was recorded April 1.

PRKG 2189 LLC, located in Ames, paid IA-KY $1.35 million for property at 6700 N.E. 112th St. in Mitchellville, records show. The property includes more than 162 acres, most of which is cropland. A single-story house built in 1890 is located on the property. The transaction was recorded April 4.

Station Crossing Farm LLC, located in Des Moines, paid Heritage Ridge LLC $2.14 million for property west of Iowa Highway 141 and north of Northeast Station Crossing Drive in Jefferson Township, records show. The property includes nearly 22 acres, 4.4 acres of which is a forest preserve. The transaction was recorded April 4.

Eesh LLC, located in Osceola, paid Jai Ganesh Inc. $2.2 million for property at 300 34th Ave. N.W. in Altoona, records show. The property includes three-story, 86-room hotel constructed in 1989. A Best Western Plus is located in the building. The property is valued at $1.76 million. The transaction was recorded April 4.

DM Industrial Prop LLC, located in Cedar Rapids, paid Enseva LLC $1.2 million for property at 1501 34th Ave. N.W. in Altoona, records show. The property, located east of Facebook Inc.’s database warehouse, includes 0.68 acres of undeveloped ground. The transaction was recorded April 6.

Todd and Teri Ross paid Carl Roose $1.2 million for property at 6231 S.E. Sixth Ave. in Pleasant Hill, records show. The property includes nearly 20 acres, 12 of which is crop land, and a single-family house built in 2009. The transaction was recorded April 6.

TL Park Ave LLC, located in Johnston, paid Blue Marble Investments LLC $8.2 million for property at 5016, 5020, 5050, 5100 and 5150 Park Ave. in Des Moines, records show.

The property at:

• 5016 Park Ave. includes a 62,400-square-foot office/warehouse constructed in 1996. The warehouse is located on 5.5 acres. The property is valued at $2.95 million.
• 5020 Park Ave. includes a 24,000-square-foot office/warehouse built in 1988 and located on 1.2 acres. The property is valued at just over $1 million.
• 5050 Park Ave. includes a 15,000-square foot office/warehouse built in 1985 and located on 1.2 acres. The property is valued at $564,000.
• 5100 Park Ave. includes an 18,000-square-foot office/warehouse built in 1979 and located on 1.1 acres. The property is valued at $776,000.
• 5150 Park Ave. LLC includes a an 18,000-square foot office/warehouse built in 1980 and located on 1.3 acres. The property is valued at $779,000.

The transaction was recorded April 7.

 

Dallas County
Clayton Properties Group Inc., located in Lee’s Summit, Mo., paid Stratford Crossing LLC $1.28 million for 24 building residential lots west of North 10th Street in northwest Waukee, Dallas County real estate records show. The transaction was recorded April 1.

K&A Investments LLC, located in Urbandale, paid Accurate Land Co. Inc. $2.63 million for 47 residential building lots north of Meredith Drive at Northwest 167th Street in Urbandale, records show. The transaction was recorded April 4.