A limited liability company based in Austin, Texas, has acquired medical office property at 1201 Pennsylvania Ave. in Des Moines, Polk County real estate records show.
MCP Stable 1201 Pennsylvania Avenue Des Moines LLC paid Genesis KC Development LLC $4.89 million for the 1.2-acre parcel.
This is the second time in the past two years the property has changed hands. Genesis KC Development, managed by Denver, Colo.-based DaVita Kidney Care, acquired the property in mid-2023 for $1.65 million.
Since then, additions have been added to the medical office building and other improvements and alterations have been made to the property, records show. The original 5,306-square-foot office building on the property was built in 1988…