Top deal: $19.4 million | Urbandale

JDC HV SPE LLC, based in West Des Moines, paid Hy-Vee Inc. $19.4 million for property at 8701 Douglas Ave. in Urbandale. The property includes a 94,467-square-foot Hy-Vee grocery store built in 2012. In August 2024, officials asked Urbandale’s Planning and Zoning Commission to replat the property, separating the grocery store from the convenience store to make it easier to a leaseback arrangement. The property is valued at $13 million. The transaction occurred Sept. 11. Photo by Duane Tinkey

Other deals

$14.5 million | West Des Moines

Staysharpe West Des Moines LLC, managed by Glaxis Capital Management LLC, paid Silverwest I WDM LLC $14.5 million for property located at 575 S. Prairie View Drive in West Des Moines. The 1.7-acre parcel includes a four-story, 69,814-square-foot building constructed in 2016. The building is occupied by Element Hotel, which has 110 units. The property is valued at $10.7 million. The transaction occurred July 22.

$9.7 million | Ankeny

ExchangeRight Net Leased All Cash 15 DST, located in Johnston, paid Parlay Ankeny LLC $9.7 million for property at 5075 SE Delaware Ave. in Ankeny. The 6.4-acre parcel includes a 53,960-square-foot retail building occupied by Hobby Lobby. The building was constructed in 2023. The property is valued at $9.2 million. The transaction occurred July 9.

$7.8 million | Clive

At Home Investors LLC, located in Overland Park, Kan., paid Kimven Co. LLC $7.8 million for property at 10331 University Ave. in Clive. The 8.8-acre parcel includes a 91,030-square-foot retail building constructed in 1991. At Home, a home furnishings store, currently occupies the space. The property is valued at $8.4 million. The transaction occurred Nov. 20.

$5.8 million | Altoona

3700 Prairie Fire Drive LLC, located in Des Moines, paid Hurd MCW Altoona LLC $5.8 million for property at 3700 Prairie Fire NW in Altoona. The 1.5-acre parcel includes a 6,488-square-foot car wash that was built in 2022. Mister Car Wash occupies the building. The property is valued at $3.2 million. The transaction occurred Dec. 11.

$4.5 million | Clive

M&M Acquisition LLC, located in Brentwood, Tenn., paid IA8 – 156th and Hickman LLC $4.5 million for property at 15451 Hickman Road in Clive. The property includes a 4,808-square-foot full-service car and truck wash. The one-story building was constructed in 2025. The transaction occurred Aug. 21.

$3.5 million | West Des Moines

Mant LLC, located in West Des Moines, paid RMV Properties LLC $3.5 million for property at 230 S. 68th St. in West Des Moines. The property includes a multi-use building constructed in 2005. The transaction occurred May 30.

$3.5 million | Altoona 

Agree Central LLC, based in Royal Oak, Mich., paid Wayside Acres LLC $3.5 million for property at 2929 Eighth St. SW in Altoona. The 1.3-acre parcel includes a 3,033-square-foot fast food restaurant built in 2019. Raising Cane’s is located in the building. The property is valued at $1.9 million. The transaction occurred Aug. 1.

$3.4 million | Waukee

Gazzo Properties of Waukee LLC, located in Coronado, Calif., paid DSDH Waukee LLC $3.4 million for property at 1005 SE Alice’s Road in Waukee. The 1-acre parcel includes a recently built, 2,877-square-foot building occupied by Hawaiian Bros. The property is valued at $794,220. The transaction occurred Aug. 25.

$2.7 million | Grimes

Ambica215 LLC, located in Urbandale, paid N&S Hospitality Inc. $2.7 million for property at 251 SE Gateway Circle in Grimes. The 2.5-acre parcel includes a 54-unit hotel built in 2000. The property, which is occupied by American Inn, is valued at $2.35 million. The transaction occurred Dec. 4.

Source: Polk and Dallas county assessor’s offices