Endoscopy Center Draws $3.3M Transaction (Real Deals)


Endoscopy Center Draws $3.3M Transaction (Real Deals)
Endoscopy Center of Arkansas at 1024 N. University Ave. in Little Rock (Google Maps)

A 9,969-SF medical office building in midtown Little Rock tipped the scales at $3.27 million.

SEP Little Rock ASC LLC, an affiliate of Stage Equity Partners of Skokie, Illinois, bought the Endoscopy Center of Arkansas project at 1024 N. University Ave.

The seller is KDMB University Properties LLC, led by Dr. Dean Kumpuris.

The deal is financed with a seven-year loan of $2.1 million from Encore Bank of Little Rock.

The 1.42-acre development was acquired for $852,000 in February 2004 from A.A. Properties LLC, led by Syed Samad.

Indian Villa

A 30-unit apartment project in Little Rock weighed in at $1.3 million.

Arban Investment Properties LLC, led by Mohammad Rahman, Nick Chowdhury and Ansanul Huq, purchased Indian Villa Apartments at 7700 Indian Trail Road. The seller is Indian Villa Apartments Ltd., led by Kent Vestal Jr.

The deal is funded with a five-year loan of $1 million from Stone Bank of Mountain View.

The 0.94-acre development previously was linked with a December 2019 mortgage of $275,000 held by First Security Bank of Searcy.

The Vestal family’s ownership dates back to September 1972 and a $275,000 buy from William and Jamie Bushman and Lawrence and Mary Witherspoon.

Zone Mart

A 3,082-SF convenience store in North Little Rock sold for $750,000.

Maumelle Property 8701 LLC, led by Fay Sal Ahmed and Mohammed Rahman, acquired the Mobil Zone Mart at 8701 Maumelle Blvd.

The seller is 8701 Maumelle LLC, led by Mohammad Honarmand.

The deal is backed with a 20-year loan of $562,500 from First National Bank of Paragould.

The 1.35-acre development was tied to a July 2016 mortgage of $425,000 held by J.N.H.L.M. Inc., led by David Jones.

8701 Maumelle LLC purchased the closed Citgo for $500,000 from the corporation more than four years ago.

Red Crown Buys

Two commercial properties in downtown Little Rock changed hands in separate transactions totaling $560,000.

Red Crown Bottling Co. LLC, led by Jill Judy and Mark Brown, bought an apartment house at 1100 Rock St. for $285,000 from Joshua and Jennifer Malone.

Red Crown also acquired a 3,691-SF office building at 1101 Cumberland St. for $275,000 from Delbra Caradine. The 0.16-acre apartment development is financed with a five-year loan of $289,000 from Armor Bank of Forrest City.

The apartments were linked with a November 2013 mortgage of $166,727 held by Arvest Bank of Fayetteville.

The property was purchased for $228,000 in November 2003 from Crescent Capital Investments LLC, led by Wes Crank.

The 0.18-acre office development is linked with a five-year loan of $501,500 from Armor Bank. The office project was bought for $150,000 in May 2004 from Regions Bank of Birmingham, Alabama.

NLR Warehouse

An 11,200-SF warehouse in North Little Rock rang up a $325,000 sale.

The Clifton Family LLLP, led by Norman Clifton, purchased the 305 Phillips Road project. The seller is Gammon Enterprises Inc., led by Greg Gammon.

Gammon Enterprises bought the 232-acre site in July 1972 for $23,000 from Birch-Brook Inc., a corporate affiliate of Little Rock’s Rector Phillips Morse real estate company.

PV Residence

A 4,502-SF home in west Little Rock’s Pleasant Valley neighborhood drew a $780,000 transaction.

Andrew and Jennifer Adkins acquired the house from the Lawlor Joint Revocable Trust, led by John and Catherine Lawlor.

The residence is now helping secure a two-year loan of $1.2 million from Southern Bancorp Bank of Arkadelphia.

The property was purchased in June 2009 for $635,000 from the Holton Family Qualified Personal Residence Trust.

Ferncrest Estates

A 4,732-SF home in the Ferncrest Estates neighborhood of west Pulaski County is under new ownership after a $732,000 deal.

D. Marc and Kandi Holmes bought the 7.74-acre spread from the Godwin Trust, led by Willie and Brenda Godwin.

The deal is funded with a 30-year loan of $581,000 from Little Rock’s AgHeritage Farm Credit Services.

The trust acquired the land in August 2005 for $150,000 from Unleashed Inno-vations Inc., led by Paulette Richie.

The Maisons

A 5,063-SF home in The Maisons neighborhood of west Little Rock sold for $612,500. BLS Acquisitions LLC, led by Lorie Herndon, purchased the house from Robert and Renee Steele.

The deal is backed with a 25-year loan of $522,214 from Stone Bank.

The residence was tied to a May 2014 mortgage of $410,000 held by Commerce Bank of Kansas City, Missouri.

The Steeles bought the property for $660,000 more than six years ago from Adnan Bhutta and Iram Bakhtawar.

Foxboro Abode

A 3,901-SF home in Little Rock’s Fox-boro neighborhood changed hands in a $595,000 deal. Oksana and Svyatoslav Redko acquired the house from Francis Trim and Henrik Thostrup.

The deal is financed with a 10-year loan of $345,000 from Simmons Bank of Pine Bluff.

The residence was linked with a September 2018 mortgage of $400,000 held by Regions Bank.

The property was purchased for $500,000 more than two years ago from Ann Wrotny.

Barrett Road

A 16.86-acre residential tract in the Barrett Road neighborhood of west Pulaski County rang up a $575,000 sale.

Mason Templeton and Debbie Elliot bought the land from James T. Morgan.

The Morgan family ownership dates back to a February 1945 deal with Lula Dickinson.

Lot Sale

A homesite near the Country Club of Little Rock drew a $500,000 transaction.

Sarah and Russell Brantley purchased the 7,000-SF lot from Todd and Stephanie Stewart. The Stewarts bought the property for $456,000 in April 2017 from Georgiana Gunn.