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 property was acquired as part of an $842,000 deal in April 1995.

The sellers were the estate of Herschel Friday, William and Mary Lou Cravens, the Boyce Love Testamentary Trust, William and Peggy Sutton, William and Elizabeth Terry, William and Kay Patton and the Oaklawn Jockey Club Inc., led by Charles Cella.

Warehouse Sale

A 46,280-SF warehouse in southwest Little Rock drew a $300,000 sale.

Kurios Investor Holdings LLC, led by Dru Phillips and Roger Tucker, purchased the 5207 Scott Hamilton Drive project. The seller is Capital Properties LLC, led by Gus Blass III.

The deal is backed with a five-year loan of $270,000 from Capital Properties.

The 4.22-acre development was bought for $600,000 in August 1980 from Bill Brandon.

Riverside Home

An 8,500-SF house in the Two Harbors neighborhood on the edge of Little Rock is under new ownership after a $653,000 deal.

Zammarud and Nadeem Siddique acquired the house from M&T Bank of Buffalo, N.Y. The deal is financed with a one-year loan of $500,000 from First Security Bank of Searcy.

The bank recovered the residence from Anthony Bickerstaff at a $911,247 foreclosure sale in April 2012. The property was secured by a $986,250 mortgage held by an M&T subsidiary.

The location on the Arkansas River was purchased for $225,000 in April 2006 from Bottom Line Inc., led by Charles Hinson.



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