LR Neurologist Building Sells for $1.4 Million (Real Deals)

by George Waldon  on Monday, Jan. 31, 2011 12:00 am  

Davidmarcus Properties LLC, led by David Mannon and Mark Welchel, bought the 1,742-SF project at 9901 W. Markham St. from Delta Trust & Bank.

The deal is financed with a $215,000 loan from the bank.

Delta entered the ownership picture in October 2009 when Gene Cauley transferred the property to settle debt owed by his Military Road Carwash LLC.

Cauley acquired the project for $230,000 in June 2007 from Crawdaddy's Scuba School Inc., led by Harry Gunther.

Jacksonville Buy
Development of a 1.3-acre commercial site in Jacksonville is in motion after a $160,000 transaction.

Louis and Shannon Froud purchased the 6107 John Harden Drive location from Marple Auto Sales Inc., led by Roy Marple.

The deal is funded with a nine-month loan of $320,000 from First Community Bank of Batesville. The land previously was used to help secure an October 2008 mortgage of $924,000 held by Bank of England.

Marple bought the land in July 2003 as part of a $200,000 deal with James R. Bell.

Retail Purchase
A 3,100-SF retail property in south Little Rock rang up a $163,000 sale. Mark Carter acquired the 2501 S. Arch St. project from Centre Rock Land LLC, led by Henry Treece.

The deal is backed with a one-year loan of $101,254 from Heartland Community Bank of Bryant.

The limited liability company purchased the property for $150,000 in a November deal with Homebank of Arkansas in Damascus.

The bank recovered the 0.32-acre development from J.M. Products Inc. as part of a $250,000 foreclosure sale in July.



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