DMT Services Pays $1.2 Million for Franklin Electric Building (Real Deals)

by Paul Gatling  on Friday, Dec. 7, 2012 8:51 am  

Arvest Bank of Fayetteville financed the deal.

The five-bedroom, two-story home was built in 1999 on a 1.29-acre lot. It includes Brazilian hardwood floors throughout and a screened-in porch. The home appraised earlier this year for $599,500.

Watson bought the property in July 2006 for $510,000.

Steven Atwell with Buyer’s First Realty in Sulphur Springs represented the seller.           

 

Tiger Tracts

A retail strip center in north Bentonville rang up a $790,000 sale.

Tiger Street Properties LLC of Katy, Texas, led by members Charles Cuadra and Wanda Braswell, bought tracts 1 and 2 of the Waffle Hut addition at 1140 N. Walton Blvd.

The seller of the approximately one-acre property was Mathias Shopping Centers Inc. of Springdale, led by Sam Mathias.

Pinnacle Bank of Bentonville financed the deal.

The 11,946-SF building, known as Neighborhood Shopping Center, has tenants that include Eureka Pizza, Wild Heart Design and Crumpet Tea Room Express.

Mathias bought the property, at the corner of North Walton and Tiger boulevards, in 1994 for $225,000. The building was constructed in 1997.

Submit tips about lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at pgatling@nwabj.com. Please write ‘Real Deals’ in the subject line.

 

 

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