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)

Markham Park LLC, led by Graham Smith, bought the 0.58-acre development at 100 Markham Park Drive from the H.C. Schmieding Produce Co. Inc. Profit Sharing Trust and Schmieding Foundation Inc.

The deal is backed with a $520,000 loan from Delta Trust & Bank of Little Rock.

The property was acquired for $750,000 in May 1993 from Maury Mitchell Associates Ltd. V.

Church Acquisition

A 5,000-SF child care project in North Little Rock drew a $250,000 sale.

Somers Avenue Church of Christ Inc. purchased the 5101 McClanahan Drive project from Knollwood Associates, led by John Archer.

The deal is funded with a five-year loan of $564,815 from Metropolitan National Bank of Little Rock.

Knollwood bought the 0.54-acre development for $227,000 in November 1982 from La Petite Academy Inc., led by J.L. Brozman.

Doghouse Deal

A south Little Rock musical enterprise sold for $168,000.

Le Cartier LLC, led by Etta Carter, acquired Doghouse Recording at 6319 Forbing Road. The seller is Truvest LLC, led by Terence and Britteny Bass.

The deal is financed with a five-year loan of $171,955 from One Bank & Trust of Little Rock. The 0.94-acre property previously was linked with an August 2012 mortgage of $125,000 held by the bank.

 

 

Please read our comments policy before commenting.
Search

Latest Arkansas Business Poll

Did the Fed make the right call on interest rates?