Fuel Storage Facility Attracts $5M Sale (Real Deals)

by George Waldon  on Monday, Feb. 10, 2014 12:00 am  

The sale of a 21.6-acre fuel storage development in North Little Rock tipped the scales at $5 million.

Delek Logistics Operating LLC of Brentwood, Tenn., bought the 2724 Central Airport Road project from Enterprise Refined Products Co. LLC of Houston, Texas.

The property was acquired for $1.8 million in July 2005 from Exxon Mobil Corp. of Irving, Texas.

Kum & Go Purchase

A convenience store just north of Maumelle rang up a $3.4 million sale-leaseback transaction.

Port Cities Oil LLC, an affiliate of North Little Rock’s Coulson Oil Co., purchased the Kum & Go at 21510 Highway 365.

The seller is KG Store 155 LLC, an affiliate of the Kum & Go chain based in West Des Moines, Iowa.

The 1.25-acre previously was tied to a March 2013 mortgage of $2.44 million held by First National Bank of Omaha, Neb.

The location was bought for $1.2 million in March 2013 from RL Ferrell Inc., led by Ron Ferrell.

Building Products Buy

A 32,426-SF building products facility in North Little Rock changed hands in a $1.5 million sale.

PBP Real Estate I LLC of Memphis acquired the Plymouth Building Products project at 9900 Maumelle Blvd. The seller is CTRJ Properties LLC, once led by Steve Clary and Jephta Thibault.



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