Maumelle Starbucks Sells For $1.1 Million (Real Deals)

by George Waldon  on Monday, Feb. 15, 2010 12:00 am  

Starbucks Transaction

The sale of a Starbucks in Maumelle tipped the scales at $1.1 million.

Kushynski Family Trust of Sherman Oaks, Calif., bought the coffeehouse at 105 Commons Drive from Maumelle SBU LLC, led by Gene Cauley.

The trust assumed a July 2007 mortgage of $1 million held by GE Commercial Finance Business Property Corp. of Bellevue, Wash.

The 0.6-acre site was acquired for $375,000 in September 2006 from Little Rock's Bank of the Ozarks.

Arby's Site

A 0.75-acre fast-food site in west Little Rock rang up a $595,000 transaction.

United States Beef Corp. of Tulsa purchased the land for an Arby's near the northwest corner of Chenal Parkway and Wellington Hills Road.

The seller is Chenal & Wellington Hills 2007 LLC, led by Jeffrey Nicholas. The group also sold an adjoining 0.76-acre site for $396,000 to Main Carr Development LLC Series IX, led by Eric Reed.

Chenal & Wellington acquired the properties as part of a 4.3-acre parcel for $3.68 million in November 2007 from Saturn Land LLC, led by Richard Parker.

The land was bought for $1.27 million in January 2000 from Ruebel & Co., led by Tom Wittenberg.

NLR Property

A 0.9-acre commercial site in North Little Rock changed hands in a $575,000 deal.



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