McCain Place Building Draws $2 Million Sale (Real Deals)

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

The McCain Place Building at 2504 McCain Blvd. in North Little Rock was added to First Security Bank’s real estate portfolio in a $2 million transaction. (Photo by Jason Burt)

The corporation purchased the 1-acre property for $350,000 seven months ago from Robert L. Davis Investment Co. I.

The property was bought for $400,000 in June 1988 from The Krystal Co., led by R.G. Sherrill.

Dental Transaction

A dental office in Little Rock’s Hillcrest neighborhood drew a $300,000 sale.

KMG Dental Management LLC, led by Patrick Kircher, purchased the 5307 Kavanaugh Blvd. project from the Gilbert G. Caver Revocable Trust.

The deal is funded with a seven-year loan of $255,000 from Metropolitan National Bank of Little Rock.

Caver acquired the 0.12-acre development for $60,000 in December 1974 from Richard and Gean Simmons.

Office Acquisition

An 8,714-SF office building in downtown Little Rock changed hands in a $213,000 deal.

201 S. Izard LLC, led by John Chandler, bought its namesake property from the Greg L. Hatcher Revocable Living Trust.

The deal is backed with a five-year loan of $624,750 from IberiaBank of Lafayette, La.

The 0.38-acre development previously helped secure an October 2012 mortgage of $450,000 held by Centennial Bank.



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