NOTABLE TRANSACTIONS: South Dakota group pays $ 11.5 million for Clive office property

A South Dakota group has purchased property in Clive that includes a two-story office building constructed in 2003, Polk County real estate records show.



Terveen Manufactured Homes LLC, located in Harrisburg, SD, a Sioux Falls suburb, paid $ 11.5 million for the 5.3-acre parcel located at 1275 NW 128th St. in Clive, records show. (Photo at right courtesy of Loopnet.com.)

Sellers were Galloway Holdings LLC, TBJ LLC, Moon4Win LLC, Fade Group LLC and Beth Capitat LLC.

The South Dakota firm has purchased other properties in Central Iowa in the past 18 months. Most recently it bought a retail shopping center near Jordan Creek Parkway in West Des Moines.

The Clive property includes the Class B office building with 61,180 square feet of space, according to Loopnet.com. The property, valued at $ 9.4 million, includes 339 surface parking spaces.

The transaction was recorded May 19.

In other real estate transactions:

D&B 528 W 6th Street LLC, located in Granite Bay, Calif., paid Drake Manor Apts. LLC $ 975,000 for property at 1000 24th St. in Des Moines, records show. The property includes a three-story brick apartment building constructed in 1910. The building includes 18 apartment units. The property is valued at $ 703,000. The transaction was recorded May 16.

Nelson Development I LLC, located in Des Moines, paid DRA Properties LLC $ 2.5 million for property at 2855 SW Vintage Parkway in Ankeny, records show. The property includes 7.1 acres of undeveloped land. The transaction was recorded May 17.

LSN LLC, located in Ankeny, paid TEI LLC $ 760,000 for property at 2803 Oralabor Road in Ankeny, records show. The property includes a 5,760-square-foot metal office / warehouse constructed in 2006. The property is valued at $ 809,000. The transaction was recorded May 17.

Clinton and Jacqueline Akerberg paid Michael Flesher and Michael Wood $ 1.35 million for property at 5315 Waterbury Road in Des Moines, records show. The 1-acre parcel includes a 4,404-square-foot house built in 1924. The transaction was recorded May 17.

John and Mary Melvin paid Kristi Lozier Revocable Trust $ 1.6 million for property at 3511 Saint Johns Road in Des Moines, records show. The 1.8-acre parcel includes a two-story house built in 1938. The transaction was recorded May 18.


B&B Meyer LLC, located in Iowa City, paid 2408 Property LLC $ 2.8 million for property at 2408 E. 22nd St. in Des Moines, records show. The 3.4-acre parcel includes a 32,720-square-foot metal warehouse built in 1992. The property is valued at $ 1.98 million. The transaction was recorded May 19.

Alfas Properties LLC, located in Urbandale, paid 1137 26th St. Des Moines LLC $ 745,000 for property located at 1137 26th St., records show. The property includes a two-story apartment building constructed in 1990. The building includes 12 units. The property is valued at $ 660,000. The transaction was recorded May 20.

Dallas County

Bennett Bay Investments LLC, located in Waukee, paid Stratford Crossing LLC $ 1.39 million for property west of North 10th Street and south of Northwest Sunrise Drive in Waukee, Dallas County real estate records show. The undeveloped land includes 7.54 acres. The transaction was recorded May 17.

Warrington-Revell Properties LLC, located in West Des Moines, paid J4North LLC $ 2.5 million for property at 2335 SE LA Grant Parkway in Waukee, records show. The property includes a medical office building constructed in 2019. The building has 6,185 square feet of space. The property is valued at $ 1.05 million. The transaction was recorded May 18.

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