Zaxby's Combo Deal Rings Up $2.4 Million (Real Deals)

by George Waldon  on Monday, May. 20, 2013 12:00 am  

The Zaxby’s at 208 Brookswood Road in Sherwood  sold for $1.3 million, part of tandem transactions that included a Jacksonville restaurant. (Photo by Jason Burt)

The sale of two Zaxby’s restaurant projects in Pulaski County each topped the $1 million mark.

DTT Properties LLC of Milledgeville, Ga., bought the 208 Brookswood Road property in Sherwood for $1.3 million and the 209 Marshall Road property in Jacksonville for $1.1 million.

The seller in both deals is IHDG Pulaski-01 LLC, led by William D. Walker.

The deal is backed with a $2.33 million loan from Fidelity Bank of Atlanta.

The 1.06-acre Sherwood development previously was tied to an April 2007 mortgage of $1.4 million held by Mountain State Bank of Cumming, Ga.

The 0.95-acre Jacksonville development previously was linked with a July 2007 mortgage of $1.5 million held by Mountain State.

The Sherwood property was acquired for $430,000 more than six years ago from Robert and Bessie McAllister and Stine and Violet McAllister.

The Jacksonville location was purchased for $540,000 nearly six years ago from Eugene Brech.

Convenient Sale

A Shell convenience store in North Little Rock changed hands in a $1.1 million transaction.

Paramount Petroleum LLC, led by Ashwini Gupta, acquired the 10920 Maumelle Blvd. project from In Ho and Yeon Lee.

The deal is funded with a five-year loan of $800,000 and a one-year loan of $150,000 from Pine Bluff National Bank.



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