Valley Ranch Nursing Draws $7.8M Sale (Real Deals)


Valley Ranch Nursing Draws $7.8M Sale (Real Deals)

The sale of a west Little Rock nursing home weighed in at $7.8 million.

Wagnon Place Inc., led by Joey Wiggins, purchased Valley Ranch Nursing & Rehabilitation Center at 6411 Valley Ranch Drive.

The seller is Frisco Health Investments Ltd., led by Kris Compton and Jeffrey Smithers. The deal is backed with a $6.6 million loan from First National Bank of Paragould.

The 4.62-acre development previously was linked with an October 2015 mortgage of $5.2 million held by BancorpSouth Bank of Tupelo, Mississippi.

The location was acquired for $1.2 million in September 2008 from FC Grass Farms Partnership, led by Robert Shults.

Farmland Acquisition

A 1,337-acre agri spread in southeast Pulaski County tipped the scales at $4.1 million.

SS Family Farm LLC, led by Stephanie Smith, bought the farmland about 7 miles southwest of England. The seller is Bredlow Farms Inc., led by Gary Bredlow.

The property is now helping secure a seven-year loan of $6.3 million held by Stone Bank of Mountain View.

The acreage was assembled as part of deals with Hazel Adams Travis, Doris Jean Pearcy and Bobby Adams Henderson, $90,000 in July 1960; H.C. and Maggie Straight, $88,000 in March 1963; and George and Theresa Yarbrough and A.E. and Geneva Yarbrough, $17,500 in January 1963.

Multifamily Flip

A 34-unit apartment complex in southwest Little Rock changed hands in successive million-dollar transactions.

Pine Plaza Investments LLC, led by Rick Ferguson, acquired its namesake project at 3801 Baseline Drive for $1.25 million. The seller is Pine Plaza Apartments LLC, led by Melba Marshall.

The 1.91-acre development was purchased for $705,000 in August 2003 from 3801 Inc., led by Faizool Haniff and Jeff Siebold.

Renegade Properties LLC, led by John Dennis and Kurtis Cochran, bought the project from Pine Plaza Investments for $1.42 million.

The deal is funded with a $1.4 million loan from Central Bank of Little Rock.

Complex Buy

A 12-unit apartment project in downtown Little Rock rang up a $525,000 sale.

Willow Court Opportunity Fund LLC, led by Mark Brown and Jill Judy, purchased Cheron Hall Apartments at 2200 Louisiana St. from Robert and Sharon Blair. The deal is financed with a 21-year loan of $610,000 from First National Bank.

The 0.61-acre development previously was tied to a June 2016 mortgage of $382,017 held by One Bank & Trust of Little Rock. The property was acquired for $110,000 in June 1999 from Johnny and Joy Rice.

Service Center I

An 8,000-SF motorcycle service center in Sherwood drew a $240,000 transaction.

Trickd Holdings LLC, led by Richard Thackeray, bought the Recycles Motorsports project at 7633 Hardin Drive from the Michael E. Barrow Revocable Trust.

The 0.71-acre development previously helped secure a September 2001 mortgage of $1.3 million held by Centennial Bank of Conway.

The site was purchased in January 1981 as part of a $56,900 deal with Pulaski Corp., led by David Roberts.

Service Center II

A 5,559-SF auto service garage in North Little Rock sold for $100,000.

The Wendell & Beverly Watts Revocable Trust acquired the 4224 MacArthur Drive project from Tollivers Body Shop New Generation Inc., led by Jimmy Tolliver.

The 0.42-acre development previously was linked with an August 2003 mortgage of $85,373 held by Bank of Little Rock. The property was bought for $60,000 in August 1985 from the Southland Corp. of Dallas.

Sologne Circle

A 4,724-SF home in west Little Rock’s Sologne Circle neighborhood weighed in at $1.3 million.

Bear Den Real Estate LLC, led by Clinton McDonald, purchased the house from Bottin Family Real Estate LLC, led by Jim Bottin. The location was acquired for $355,000 in September 2011 from David and Mary Gulley.

Prospect Terrace

A 4,133-SF home in Little Rock’s Prospect Terrace neighborhood is under new ownership after a $950,000 sale. Nate and Lauren Steel bought the house from Dora Jane Flesher. The deal is backed with a 30-year loan of $712,500 from IberiaBank of Lafayette, Louisiana.

Flesher purchased the residence for $825,000 in October 2003 from Hardin Design & Construction Inc., led by Keith Hardin.

Hillcrest Home

A 3,094-SF home in Little Rock’s Hillcrest neighborhood changed hands in a $689,000 deal.

The John & Jennifer Milwee Revocable Trust acquired the house from Sharp Renovations LLC, led by Nathan Sharp. The deal is funded with a 30-year loan of $510,400 from IberiaBank.

The residence previously was tied to a January 2019 mortgage of $388,000 held by BancorpSouth Bank.

Sharp Renovations bought the property for $313,000 15 months ago from the Judy E. Chastain Living Trust.

Forest Heights

A 2,215-SF home in Little Rock’s Forest Heights neighborhood rang up a $540,000 sale.

Thomas and Anna Schmidt purchased the house from Arthur Cox III and his wife, Candace. The deal is financed with a one-year loan of $540,000 from Relyance Bank of Pine Bluff.

The residence previously was linked with a May 2016 mortgage of $324,122 held by Quicken Loans Inc. of Detroit.

The property was acquired for $355,000 in July 2014 from the Tracy Rowell Irrevocable Trust.