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.
paid Latin King RE LLC $2.15 million for the property, located at 2200 Hubbell Ave. in Des Moines. . 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 , located in Princeton, NJ 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 on July 27.
In other real estate transactions:
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 on July 26.
based in Des Moines, paid CHBT Property Holding LLC just over $1 million for property at 1444 Illinois St. in Des Moines , 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 , 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.
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 on July 28.
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 includes a single-family house built in 1925. The property is valued at $292,020. The transaction was recorded on July 26.