A New Jersey-based real estate investment trust has purchased property on which the popular Latin King restaurant is located, Polk County real estate records show.
SCF RC Funding IV LLC paid Latin King RE LLC $2.15 million for the property, located at 2200 Hubbell Ave. in Des Moines (pictured). The 1.7-acre parcel includes the one-story, 8,872-square-foot building in which the landmark restaurant is located.
Robert and Amy Tursi acquired Latin King in 1983 from the restaurant’s original owner. Whitney VinZant acquired the now 75-year-old restaurant in June 2021. VinZant, a Kansas City, Mo.-based restauranteur, also owns Fresko Natural Food and Louie’s Wine Dive, both in Des Moines.
SCF RC Funding IV is managed by Essential Properties Realty Trust, located in Princeton, N.J. The company buys, owns and manages single-tenant properties that are net leased to middle-market companies, according to its website. Essential Properties has 19 properties in Iowa.
The Hubbell Avenue property is valued at $714,000. The transaction was recorded July 27.
In other real estate transactions:
Kentfield Properties LLC PS-Series 4810 86th, based in St. Charles, paid Cobb Farms LLC $1.3 million for property at 4810 86th St. in Urbandale, records show. The 1.1-acre parcel includes a 4,968-square-foot, one-story building constructed in 2003. The building is occupied by the Beerhouse. The property is valued at $714,000. The transaction was recorded July 26.
1444 Illinois LLC, based in Des Moines, paid CHBT Property Holding LLC just over $1 million for property at 1444 Illinois St. in Des Moines (pictured), records show. The property includes a 12,285-square-foot, one-story light industrial building constructed in 1979. The property is valued at $435,000. 1444 Illinois LLC is tied to Franzenburg Centrifuge, which focuses on centrifuge sales and rebuilds, according to the company’s website. Franzenburg Centrifuge has a 60,000-square-foot facility at 2301 Dean Ave. The transaction was recorded July 25.
TC Accommodator 276 LLC, located in Johnston, paid Tierney & Moeller Properties LLC $1.2 million for property at 5500 West Parkway in Johnston, records show. The property includes a 10,240-square-foot, one-story office building constructed in 2008. The property is valued at just over $1 million. The transaction was recorded July 28.
Dallas County
IPE1031 Rev436, located in West Des Moines, paid Ashworth Apartments I LLC $1 million for property at 3293 Ashworth Road in Waukee, Dallas County real estate records show. The 9.75-acre parcel includes a single-family house built in 1925. The property is valued at $292,020. The transaction was recorded July 26.
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