Notable Transaction: Latin King Property Sold to New Jersey Real Estate Investment Trust

New J.eAn rsey-based real estate investment trust has purchased the property where the popular restaurant Latin King is located, according to Polk County real estate records.

SCF RC Funding IV LLC We paid $2.15 million to Latin King RE LLC for this property at 2200 Hubbell Avenue in Des Moines. (Photo)The 1.7-acre lot includes a one-story 8,872-square-foot building that houses the landmark restaurant.

Robert and Amy Tursi purchased Latin King from the restaurant’s original owners in 1983. Whitney VinZant acquired the now 75-year-old restaurant in June 2021. A restaurateur based in Kansas City, Missouri, her VinZant also owns Fresko Natural Food and Louie’s Wine Dive in Des Moines.

SCF RC Funding IV is Essential Property Realty Trust, located in Princeton, New Jersey, according to its website, the company buys, owns and manages single-tenant properties that are net-leased to mid-sized businesses. Essential Properties has 19 facilities in his Iowa.

Hubbell Avenue’s assets are $714,000. The transaction was recorded on July 27th.

For other real estate transactions:

Kentfield Properties LLC PS-Series 4810 86th, The company paid $1.3 million to Cobb Farms LLC for its St. Charles-based property at 4810 86th St. in Urbandale, records show. The 1.1-acre lot includes his 4,968-square-foot one-story building built in 2003. This building is occupied by a beer house. This property is valued at $714,000. The transaction was recorded on July 26th.

1444 Illinois LLC, original Des Moines paid CHBT Property Holding LLC just over $1 million for the property at 1444 Illinois Avenue in Des Moines (Photo), the record is displayed. The property includes his 12,285-square-foot, one-story light industrial building built in 1979. The property is valued at $435,000. 1444 Illinois LLC is a Franzenburg centrifuge, according to the company’s website, focuses on centrifuge sales and rebuilds. The Franzenburg Centrifuge has a 60,000 square foot facility at 2301 Dean Ave. The transaction was recorded on July 25th.

TC Accommodator 276 LLC, Located in Johnston, records show it paid $1.2 million to Tierney & Moeller Properties LLC for the property at 5500 West Parkway in Johnston. The property includes his 10,240-square-foot one-story office building built in 2008. The property is valued at just over $1 million. The transaction was recorded on July 28th.

Dallas County

IPE1031 Rev436, Located in West Des Moines, paid $1 million to Ashworth Apartments I LLC, located at 3293 Ashworth Road, Waukee, as Dallas County real estate records show.of 9.75 acre parcel It contains a detached house built in 1925. This property is priced at $292,020. The transaction was recorded on July 26th.

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