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NOTABLE TRANSACTIONS: Hotel property in Des Moines sold for $2.7 million

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4995 Merle Hay Road

MVP Hospitality Iowa Inc., located in West Des Moines, paid Adi Lakshmi Lodging Inc. $2.7 million for property at 4995 Merle Hay Road in Des Moines, Polk County real estate records show. The 1.8-acre parcel includes a two-story, 111-unit hotel built in 1971. The property is valued at $2.4 million. The transaction was recorded April 21.

Calia 7 LLC, located in Costa Mesa, Calif., paid Silhouette Residential Housing Cooperative $3.5 million for property at 3720 57th St. in Des Moines, records show. The property includes a three-story, 48-unit apartment building constructed in 1975. The property is valued at $3.5 million. The transaction was recorded April 7.

Rock Equity Holdings II LLC, located in Waukee, paid Thomas Schlife and Mary Ann Devries $1.4 million for property at 1716 E. Northside Drive in Polk City, records show. The property includes 46 acres of crop land and 9 acres of building and non-cropland. Also on the property are a house, utility building and two garages. The transaction was recorded April 22.

Trinity Holdings LLC, located in Morristown, Tenn., paid Seafood Property No. 2 LLC $1 million for property at 7421 Douglas Ave. in Urbandale, records show. The nearly 1-acre parcel includes a 2,746-square-foot fast food restaurant built in 1973. The property is valued at $796,100. The transaction was recorded April 23.

Dallas County

DR Horton Iowa LLC, based in Ankeny, paid Paladin Properties LLC just over $1 million for 16 residential building lots in northwest Urbandale, Dallas County real estate records show. The lots are near Waterford Elementary School, at 5635 156th St. in Urbandale. The transaction was recorded April 24.

1st Street Mall LLC, located in Fremont, Neb., paid three limited liability companies $1.95 million for property at 401 First Ave. in Perry, records show. The 4.7-acre parcel includes a 42,364-square-foot strip center built in 1976. The property is valued at $1.7 million. The transaction was recorded April 23.

Lavaniah KPS Mohan and Ruthwik Pasuparthi paid Kimberley Development Corp. $1.8 million for property at 843 Kingwood Court in West Des Moines, records show. The 1.5-acre parcel includes a 3,638-square-foot house whose construction was recently completed. The transaction was recorded April 21.

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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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