Midtown Medical Office Draws $1.8 Million Sale (Real Deals)

by George Waldon  on Monday, Feb. 18, 2013 12:00 am  

Fresenius Medical Care set up a new dialysis clinic at 5320 W. 12th St. after the Little Rock property changed hands in a seven-digit transaction. (Photo by Jason Burt)

The deal is financed with a three-year loan of $700,000 from Union Bank & Trust of Monticello.

The 0.64-acre development previously was linked with an October 2007 mortgage of $522,000 held by One Bank & Trust of Little Rock.

The property was bought for $595,000 more than five years ago from the James & M. Dolois Younts Trust No. 1.

Country Club Land

A nearly 24.5-acre residential tract in Maumelle sold for $650,000.

CC21 LLC, led by Jeff Fuller and Arby Smith, acquired the land near the southwest corner of Country Club Parkway and Vienne Place. The seller is Country Club Development LLC, led by John Wright and Jack Wilson.

The deal is funded with a 17-month loan of $1.2 million from Little Rock’s Bank of the Ozarks.

The property previously helped se-cure a January 2003 mortgage of $1 million held by the bank.

Country Club Development purchased the land in October 2002 as part of a $1.1 million deal with the city of Maumelle.

Riggs Property

A 27.7-acre tract in North Little Rock shifted ownership in a $577,000 transaction.

J.A. Riggs Tractor Co. bought the land at the southeast corner of Faulkner Lake Road and Industry Drive from John A. Riggs III, trustee.



Please read our comments policy before commenting.