Deltic Acreage Adds Up To $2.5 Million Buy (Real Deals)

by George Waldon  on Monday, May. 13, 2013 12:00 am  

Tenant turned owner at the Innerplan facility in North Little Rock. (Photo by Jason Burt)

The deal is funded with a 10-year loan of $559,000 from Regions Bank of Birmingham, Ala.

The 0.61-acre site was purchased for $734,000 in March 2010 from Maury Mitchell Associates Ltd. III, led by H. Maurice Mitchell Jr.

Roofing Acquisition

A 39,766-SF warehouse facility in North Little Rock rang up a $550,000 sale.

Affordable Residential Roofing Inc., led by Manuel Del Toro, bought the 3401 E. Broadway project.

The seller is Rock City Furniture Inc., led by Virginia Vellance.

The deal is backed with a 15-year loan of $520,000 from Arkansas Capital Corp. of Little Rock.

Rock City acquired the 9.72-acre development for $320,000 in December 1991 from Hulman & Co. of Terre Haute, Ind.

Hidden Transaction

A 0.93-acre multifamily project in Sherwood drew a $500,000 transaction.

Hidden Valley Apartments LLC, led by Marna Givens, purchased the properties at 9000, 9001, 9006 and 9007 Woodbine Drive from the Cameron Living Trust, led by Henry Cameron.

The land was bought for $11,560 in February 1972 from George and Beedie McLean.

 

 

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