Sherwood Boomerang Car Wash Generates $2.4M Sale (Real Deals)

by George Waldon  on Monday, Mar. 25, 2013 12:00 am  

The sale of a Sherwood car wash tipped the scales at $2.4 million.

Bailey’s Tunnel Wash LLC, led by John Bailey, purchased the Boomerang Car Wash project at 7900 Highway 107. The seller is 1908 Investments LLC, led by Mark McCaslin.

The deal was funded in connection with a 15-year loan of $14.1 million from Arvest Bank of Fayetteville.

The 1.24-acre site was acquired for $315,000 in August 2009 from Kristi Couch, Cindy Couch Clay, Margaret Eugenia Couch, Michael Couch and Tonya Couch Helmstetter.

Sherwood Site

A 0.48-acre commercial property in Sherwood sold for $280,000.

Bryan and Sonja Glaze acquired the S&S Battery project at 9714 Highway 107 from JWJ Investments LLC, led by Steve Jenkins.

The location was bought for $110,000 in January 2005 from Charles and Helen Greenfield.

Clinical Acquisition

A med-related property in Little Rock changed hands in a $981,091 transaction.

Dialysis Clinic Inc. of Nashville, Tenn., bought the 18,750-SF 1910 John Barrow Road project from Tri-Med Investment Corp., led by Randal Caldwell.

The 2.39-acre development previously was tied to a January 2007 mortgage of $312,777 held by First National Bank of Wynne.



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