NOTABLE TRANSACTIONS: West Des Moines McDonald’s property sold
BPC Staff Mar 23, 2021 | 10:33 pm
<1 min read time
0 wordsAll Latest News, Real Estate & DevelopmentThree entities based in New Jersey paid Westowne Center Associates LLC $1.8 million for property at 1530 22nd St. in West Des Moines, Polk County real estate records show. The property includes a 4,278-square-foot McDonald’s fast-food restaurant constructed in 2013. The New Jersey entities are IOMoines LLC, IOMoines II LLC and Marci Shapiro II LLC. Westowne Center Associates, located in Kansas City, Mo., owns the shopping center and much of the adjacent parking lot. The parcel that was sold was valued at $1 million in 2019, records show. The transaction was recorded on March 15.
In other transactions:
Iowa City-based Barker Financial LLC paid August Home Publishing Co. $4.3 million for property at 10320 Hickman Road in Clive, records show. The property includes a 50,174-square-foot retail building and warehouse occupied by the Woodsmith Store. The building was constructed in 1987. The property in 2019 was valued at nearly $3.2 million. The transaction was recorded on March 18.
Barker Financial LLC also paid 2701 McKinley LLC $2.2 million for property at 2701 McKinley Ave. in Des Moines, records show. The 3.7 acres include 23,278 square feet of office and warehouse space. The property in 2019 was valued at $853,000. The transaction was recorded on March 15.
BBRE LLP, based in Durand, Wis., paid Allied Oil & Tool Co. $975,000 for property at 5197 N.E. 15th St. in Polk County, records show. The 2.1 acres include a 23,600-square-foot warehouse constructed in 1994. The property in 2019 was valued at $1.45 million. The transaction was recorded on March 15.
John and Jennifer Hatlevig paid Elizabeth Brady $1.2 million for property at 34334 Maffitt Lake Road in Cumming, Dallas County real estate records show. The property includes a 3,209-square-foot house constructed in 2005. The property in 2020 was valued at $1.1 million. The transaction was recorded March 17.
Daniel and Rea Ann Paustian paid the Jerry Hart Revocable Living Trust $1.2 million for property at 16901 Upland Ave. in Granger, records show. The nearly 28-acre parcel includes a 1,850-square-foot house built in 1900. The property in 2020 was valued at $155,530. The transaction was recorded on March 17.
DR Horton Iowa LLC paid Spring Crest Partners LLC $1.2 million for 16 residential lots south of Hickman Road and west of Sixth Street in Waukee, records show. The transaction was recorded on March 19.