NOTABLE TRANSACTIONS: Texas investment group buys three Kum & Go stores

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A Texas investment group has purchased three Central Iowa convenience store properties from another group, also located in Texas.

 
 
 
 

Evergreen Properties Investment LLC of Friendswood, Texas, paid more than $8 million to Dallas-based IM & AY LLC for properties occupied by Kum & Go convenience stores in Perry and West Des Moines.


Specifically, Evergreen Properties bought:

• Property in Perry at 1219 First Ave., valued at $169,470, Dallas County real estate records show.
• Property in Perry at 1115 Highway 141, valued at $603,520.
• Property in West Des Moines (pictured) at 3501 E.P. True Parkway, valued at $883,100, Polk County real estate records show.

The transactions occurred on May 28.

Other transactions include:

Westview Apartments Granger LLC paid Farrell Properties Inc. $1.1 million for property at 1600 Linden St. in Granger, Dallas County real estate transactions shows. The property includes a 12-unit apartment building. The building was constructed in 1984. The property’s 2020 assessed value is $521,220. Westview Apartments is managed by Jeffrey Stanbrough of Stanbrough Realty in Clive. The transaction was recorded on June 2.

Elder Properties II LLC paid Ronald and Jacque Patterson $1 million for property at 4950 E. University Ave. in Pleasant Hill, Polk County real estate records show. The 1.5-acre tract is adjacent to the Elder Corp. headquarters in Pleasant Hill. The company specializes in moving dirt and digging ditches for underground utilities. The property, which includes a warehouse and shed, was valued at $603,000 in 2019. The transaction was recorded on June 2.

Lemar Koethe and PRKG 1517 LLC paid David and Karen Bruxvoort $2.29 million for 150 acres of farm ground in northeast Polk County. The land is located at Northeast 96th Street and Northeast 46th Avenue. The transaction was recorded on June 2.

Anant Bhalla and Anubha Lal paid the Janelle Laurine Holmes 07 Trust $1.27 million for residential property at 28 Foster Drive in Des Moines, records show. The two-story, 7,260-square-foot house, built in 1918, sits on 1.8 acres. The property in 2019 was valued at $1.45 million. The transaction was recorded on June 4.

Ryan and Lyndsey Opp of Dallas Center paid Stone Prairie Plex LLC $1.3 million for duplexes along Fourth Street Northwest in Altoona, records show. The Opps bought five duplex units. The transaction was recorded on June 4.