Kum & Go Attracts $3.1 Million Sale (Real Deals)

by George Waldon  on Monday, Mar. 11, 2013 12:00 am  

A convenience store in south Little Rock rang up a $3.1 million transaction.

John J. Sorci Trust of San Jose, Calif., acquired the Kum & Go project at 6201 Col. Glenn Road from KG Store 140 LLC of West Des Moines, Iowa.

The deal is financed with a 20-year loan of $2.17 million from Great Southern Bank of Springfield.

A 2.02-acre development previously was tied to a June 2012 mortgage of $2.4 million held by First National Bank of Omaha, Neb.

KG Store 140, an affiliate of the Kum & Go chain, purchased the parcel at the southwest corner of University Avenue and Col. Glenn Road for $1.08 million. The seller was Van D’Lay Industries LLC, led by Andy Collins.

Farm Sale

A southeast Pulaski County farm changed hands in a $1.5 million sale.

Full Harvest Agricultural REIT II Inc. of Clarksdale, Miss., bought 415 acres, most of which is at the southwest corner of Allison Loop and Allison Road. The seller is Webb Family Farm LLC, led by Marilyn Webb Buffalo and Jim Webb.

The Webb family acquired the property for an undisclosed sum in September 1949 from W.L. and Ida Allison.

Auto Transaction

A former Toyota dealership in Little Rock is under new ownership after a $575,000 sale.

Landers University LLC, led by Scott Landers, purchased the 5.1-acre development at 5909 S. University Ave. The seller is B&C Investments of Arkansas Inc., led by James Young.

 

 

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