OFFICE TOP DEALS OF 2021
PHOTO BY DUANE TINKEY
$14.4 million
Clive
A Tampa, Fla.-based real estate investment trust, Sila Realty Trust, paid Clive Oncology Center LLC $14.4 million for property at 12495 University Ave. in Clive. The medical office building is occupied by MercyOne Clive Cancer Center. The transaction occurred Dec. 8, 2021.
$9.4 million
Clive
Sila Realty Trust paid Clive Wellness Campus Building Five LLC $9.4 million for property at 1449 N.W. 128th St. in Clive. The building is occupied by MercyOne Clive Sleep Center. The transaction occurred Dec. 8, 2021.
$8.8 million
Clive
Cedar Rapids-based MD4 Clive LLC paid UCI Holdings LLC $8.8 million for property at 12129 University Ave. in Clive. The property includes a two-story medical office building constructed in 2006. The transaction occurred June 3, 2021.
$7.9 million
Waukee
Silver D Meadow Ct LLC and CMT LLC, both based in Clive, paid Summas LC $7.9 million for property at 40, 50, 54 and 60 E. Hickman Road in Waukee. The property includes a medical office building constructed in 2010. The transaction occurred Dec. 21, 2021.
$4.5 million
West Des Moines
Laurens Rentals LLC, based in Mount Vernon, Iowa, paid 1011 Office Park Road LLC $4.5 million for property at 1011 Office Park Road in West Des Moines. 1011 Office Park Road LLC is managed by developer Joe Cordaro. The property includes an office building constructed in 2000. The transaction occurred May 6, 2021.
$4.3 million
West Des Moines
Chicago-based Walz Capital LLC paid DAPC Building LLC, managed by Dental Associates PC, $4.3 million for property at 3700 Westown Parkway in West Des Moines. The property includes a one-story medical office building constructed in 1988. The transaction occurred Dec. 23, 2021.
$4.3 million
Des Moines
Bettendorf-based Riverpoint Properties LLC paid 500 SW 7th Street LLC, managed by Hubbell Realty Co., $4.3 million for property at 500 S.W. Seventh St. in Des Moines. The property includes a three-story office building constructed in 1990. The transaction occurred Dec. 20, 2021.
$4.3 million
Ankeny
SH Investment Properties LLC, located in Ankeny, paid One Source Services LLC $4.3 million for property at 1200 and 1250 S.W. State St. in Ankeny. The property includes two office buildings, one of which was constructed in 2010 and the other in 2012. The transaction occurred Feb. 17, 2021.
$3.3 million
Waukee
JM Commercial Holdings LLC, based in West Des Moines, paid SCS Property Management LLC $3.6 million for property at 145 N.E. Dartmoor Drive in Waukee. The property includes a neighborhood shopping center constructed in 2004 and an office building constructed in 2006. The transaction occurred Oct. 12, 2021.
$3 million
Clive
An investment group paid MED Office I LLC $3 million for property at 12119 Stratford Drive in Clive. The property includes an office building constructed in 2000. The investment group includes Murphy Commercial Properties LLC, based in Johnston (40% interest); Wave Capital LLC, based in Clive (25% interest); ATI Capital LLC, based in Ankeny (25% interest); Leo Investments LLC, based in Ankeny (5% interest); and T. Leo Capital LLC, based in Ankeny (5% interest). The transaction occurred Aug. 27, 2021.
Source: Polk and Dallas county assessors’ offices