A Circle K convenience store in Sherwood weighed in at $5.26 million.
The Jack Pearce Revocable Trust of Wichita, Kansas, bought the 118 Country Club Road project from NLA Country Club CK LLC, an affiliate of Net Lease Alliance of Nashville, Tennessee.
The deal is financed with a five-year loan of $1.6 million from Hawthorn Bank of Jefferson City, Missouri.
The 1.2-acre development was tied to a July 2019 mortgage of $3.3 million held by Renasant Bank of Tupelo, Mississippi.
NLA purchased the location in June 2019 as part of a $1 million deal with Phyllis Sprague, the namesake revocable trust of Freddie Hudson and the namesake living trust of Doris Hudson.
Stifft Station Buy
A 7,975-SF commercial project in Little Rock’s Stifft Station area rang up a $1.56 million sale.
Bear State Advisors LLC, led by Rick Massey, purchased the 1001 Kavanaugh Blvd. and 3016 W. Markham St. property. The seller is Off The Front LLC, an affiliate of Little Rock’s HIA Velo high-end biking venture.
The deal is backed with a 10-year loan of $1 million from Simmons Bank of Pine Bluff.
The 0.48-acre development was linked with a June 2017 mortgage of $1.7 million held by BancorpSouth Bank of Tupelo, Mississippi.
Off The Front acquired the property for $1.6 million more than three years ago from Stifft Station Partners, led by Nikolai Fisken, Tony Karklins, Theodore Karklins, Barry Kinyon and Hunter East.
Industrial Acquisition
An 83,125-SF industrial building in Little Rock weighed in at $1.5 million.
OB CRE I LLC, led by Rick O’Brien Sr., bought the 6200 Scott Hamilton Drive project from Capital Properties LLC, led by Gus Blass III.
The deal is funded with a 22-year loan of $1 million from BancorpSouth Bank. The 3.81-acre development was purchased for $551,000 in December 1976 from Hamilton Investment Trust of Massachusetts.
Clinic Purchase
A 7,125-SF clinic in Little Rock changed hands in a $1.2 million deal.
OREOF19 BR LLC, an affiliate of Orion Investment & Management Ltd. of Miami, acquired the Fresenius Medical Care project at 5320 W. 12th St.
The seller is Richport Net Lease LLC, an affiliate of R&S Growth Management of Oakbrook Terrace, Illinois.
The deal is backed with an $80 million funding agreement from a lending group led by CIBC Bank USA of Chicago.
The 0.96-acre development was bought for $1.7 million in February 2016 from Chicago’s Brauvin Net Lease LLC, a private real estate investment trust.
Multifamily Sale
A 10-unit apartment project in west Little Rock sold in an $890,000 transaction.
Deesha Apartments LLC, led by Ankur Patel and Chintu Megan, purchased Green Mountain Apartments at 800-818 Green Mountain Drive.
The seller is Green Mountain Apartment Partners LLC, led by Dan Andrews (84.9%), Burlingame Green Mountain Investments LLC, led by Dr. Lowry Barnes (8.4%) and Once LLC, led by Andrews (6.6%).
The deal is financed with a $756,500 loan from Centennial Bank of Conway.
The 1.01-acre development was tied to a March 2016 mortgage of $457,500 from Greenwoods State Bank of Lake Mills, Wisconsin.
The property was acquired for $915,000 more than four years ago from Peeples Investments LLLP, led by Raymond Peeples Jr.
Heights Home
A 4,749-SF home in the Heights area of Little Rock weighed in at $1.14 million.
LACA Real Estate Holdings LLC, led by Brent and Dorothy Moss, purchased the house from Jeff Fuller Homes LLC.
The deal is funded with a 30-year loan of $918,960 from Raymond James Bank of St. Petersburg, Florida.
The residence was linked with a March 2020 mortgage of $792,000 held by Today’s Bank of Huntsville.
The property was acquired from the Suzanne Fuess Patton Revocable Trust in July 2006 for $370,000.
Mountain Crest Estates
A 4,220-SF home in the Mountain Crest Estates neighborhood of northwest Pulaski County is under new ownership after a $839,500 sale. Thomas and Jesika Klein bought the house from Alan Robinson.
The deal is backed with a 30-year loan of $510,000 from Eagle Bank & Trust of Little Rock.
The location was purchased from Jerry and Glenda Heard in August 2006 for $114,000.
Miramar Place
A 4,536-SF home in west Little Rock’s Miramar Place neighborhood drew a $585,000 transaction.
James and April Clawson acquired the house from Hassan Alakshar.
The deal is financed with a 30-year loan of $585,000 from Regions Bank of Birmingham, Alabama.
The residence was tied to a March 2016 mortgage of $432,000 held by U.S. Bank of Cincinnati.
The property was bought for $540,000 more than four years ago from Robert Clancy Jr. and his wife, Debbie.
Somersett Estates
A 3,440-SF home in west Pulaski County’s Somersett Estates neighborhood rang up a $535,000 sale.
Richard and Iris Tyler purchased the house from Roy and Sarah Horsey.
The purchase is funded with a 30-year loan of $428,000 from Simmons Bank. The residence was linked with a January 2020 mortgage of $280,000 held by the Bank of Little Rock.
The nearly 5.30-acre site was acquired for $80,000 in May 2000 from Wayne Moore Properties LLC.
PV Residence
A 3,123-SF home in west Little Rock’s Pleasant Valley neighborhood changed hands in a $516,000 deal.
Chris Bray and Megan Russell bought the house from Lyndell Worthen III and his wife, Allison.
The deal is backed with a 30-year loan of $512,800 from Simmons Bank.
The residence was tied to an April 2018 mortgage of $406,400 held by Cardinal Financial Co. of Charlotte, North Carolina.
The property was purchased for $508,000 more than two years ago from Lee Maris and Casey Ingram.
