Midtown Walgreens Sells for $6.1 Million (Real Deals)

by George Waldon  on Monday, Jul. 14, 2014 12:00 am  

Walgreens, 3901 W. Markham in Little Rock

The property was acquired for $380,000 in November 1998 from Genuine Parts Co. of Atlanta.

Parts Transaction II

A Napa Auto Parts in North Little Rock changed hands in a $631,000 deal.

Spirit Master Funding VI LLC of Scottsdale, Arizona, purchased the store at 8717 Sheltie Drive from James Family Properties LLLP, led by Judith Scherer.

The 0.88-acre development previously was tied to a January 2004 mortgage of $1 million held by Little Rock’s Bank of the Ozarks. The land was bought in July 1983 as part of a $375,000 deal with A.T. Gillespie M.D. P.A., William and Sarah Kay Humphries, the Catherine Jane Howe Trust, James and Jane Flack and William Daniel Thomas Jr. and his wife, Johnnie Nell.

Industrial Sale II

A 24,000-SF industrial building in southwest Little Rock rang up a $537,500 sale. Joyner Holdings LLC, led by Harold Joyner, acquired the 10625 Otter Creek East Blvd. project.

The seller is T&G Properties LLC, led by Ted and Greg Smith. The deal is funded with a five-year loan of $430,000 from IberiaBank of Lafayette, Louisiana.

The 1.38-acre site was assembled in two transactions totaling $125,000. The sellers were Arkansas Builders Supply Inc., led by Douglas Theodore, $106,000 in April 1976; and Otter Creek Development Co., led by Luke Quinn, $19,000 in May 1980.

Sherwood Acquisition

A 3,667-SF office-warehouse in Sherwood drew a $450,000 transaction.

Baeyens Hauk Properties LLC, led by Kathryn Baeyens, Angela Willman-Hauk and Marilyn Baeyens, bought the 8620 Highway 107 project. The seller is SC Roofing LLC, led by Sam Carrasquillo.



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