NOTABLE TRANSACTIONS: Hurd real estate group buys Des Moines car wash
BPC Staff May 5, 2021 | 12:17 am
2 min read time
463 wordsAll Latest News, Real Estate & DevelopmentHurd Kettlestone LLC, based in West Des Moines, paid CWP West Corp. $3.6 million for property at 850 Army Post Road in Des Moines, Polk County real estate records show. The property includes a Mister Car Wash with drive-thru. The 6,511-square-foot facility was constructed in 2019. The property’s value in 2021 was $1.8 million. The transaction was recorded April 26.
A group of investors paid 1010 Investors LLC $4.2 million for a 35.2% stake in property at 1010 S.E. 54th St. in Ankeny, records show. The 14-acre parcel includes a 202,616-square-foot warehouse constructed in 1996. In March, 1010 Investors, a group out of Kansas City, Mo., purchased the property for $9.87 million. The property is valued at $10.5 million. The investors that purchased a stake in the property include G5
Tree House Partners LLC paid Randolph Investment Co. $5.2 million for property at 2315 Grand Ave. in Des Moines, records show. The property includes three three-story brick apartment buildings at 2225, 2305 and 2315 Grand Ave. Tree House Partners LLC, which includes developers Tim Rypma, Paul Cownie and Jeremy Cortright, plans a $16.9 million historic renovation of the buildings. The transaction was recorded April 30.
Nodak Investments LLC, based in Bondurant, paid I80 Business Park LLC $1 million for property at 2140 21st St. N.W. in Altoona, records show. The property includes 3.8 acres of undeveloped ground. The transaction was recorded April 30.
Des Moines Council of St. Vincent de Paul Society paid MCR Investments I LLC $2.1 million for property at 801 73rd St. in Windsor Heights, records show. The property includes a 26,721-square-foot retail building constructed in 1979. The property is valued at $1.4 million. The transaction was recorded April 30.
Helena Farms LLC, based in Des Moines, paid 2015 Grand LLC $1.8 million for property at 2015 Grand Ave. in Des Moines, records show. The two-story, 20,033-square-foot building was constructed in 1927. The property is valued at $624,000. The transaction was recorded April 30.
Redwood Waukee Hickman Road IA P1 LLC, based in Independence, Ohio, paid Waukee Land Investment LLC $1.29 million for 4.5 acres at 350 N.W. 17th St. in Waukee, Dallas County real estate records show. The undeveloped ground was valued at $7,460 in 2021. The transaction was recorded on April 27.
MJ Properties LLC, based in Ankeny, paid Bill Kimberley LC $1.3 million for 29 residential lots in the Highland Meadows development in Urbandale, records show. The lots are near 164th Street and North Park Drive. The transaction was recorded April 26.