NOTABLE TRANSACTIONS: West Des Moines Motel 6 sold for $2.8 million
The property is valued at $2.9 million, a 12% drop from its 2020 value of $3.4 million. Most hotels and motels in Central Iowa were reassessed in 2021 after the pandemic shut down much of the nation’s hospitality industry.
The transaction was recorded March 9.
Sharp Assets LLC, located in West Des Moines, paid Meric Investments LLC $1 million for property at 721 Railroad Ave. in West Des Moines, Polk County real estate records show. The property, located in West Des Moines’ historic Valley Junction, includes a 15,680-square-foot warehouse constructed in 1968. The property is valued at $419,000. Abby Sharp, owner of Heart of Iowa Marketplace in Valley Junction, is a manager of Sharp Assets LLC. She said Sharp Assets will lease the property including a portion to Heart of Iowa. The gift shop will prepare its gift baskets and boxes in the Railroad Avenue building, she said. The transaction was recorded March 7.
Temple Holdings LP, located in Urbandale, paid Van Horn-Johnson Trust $1.5 million for property at 7100 N.E. 12th Ave. in Pleasant Hill, records show. The property includes 37.5 acres of farm ground zoned for medium density residential. The transaction was recorded March 9.
737 34th Avenue Carwash RE LLC, located in Omaha, Neb., paid Altoona Lion Development Group LLC $1.39 million for propety at 737 34th Ave. S.W. in Altoona, records show. The property includes 1.1 acres of undeveloped land. The transaction was recorded March 9.
Spun Story LLC, located in Des Moines, paid Blue Marble Investments LLC $2.2 million for property at 5120 Park Ave. in Des Moines, records show. The property includes a 32,240-square-foot, one-story office-warehouse building constructed in 1981. The property is valued at $1.4 million. The transaction was recorded March 9.
The real estate transactions from Polk and Dallas counties include information about transactions of $1 million or more including the sale of single-family houses as well as other transactions of interest.