Sycamore Townhomes at 124 E. Sycamore St. in Fayetteville.
A real estate investment firm paid $5.1 million for the Sycamore Townhomes in Fayetteville.
Nexpoint bought the property through its Nexpoint SFR SPE 1 LLC subsidiary. The 19-unit complex totals 31,121 SF. The seller was TRS Sycamore LP, led by Sarah Catherine Norris of Dallas. TRS acquired the property for $4.1 million in 2018.
Springdale Apartments
A Fayetteville investor paid $3.5 million for apartments in Springdale.
Juan Gabriel Garfias Osorio, through his Garfias Investments LLC, bought a total of 54 units on Powell Street, North Texas Lane and Park Street. The units total slightly more than 32,300 SF. Arvest Bank provided a loan of $2.8 million.
The seller was Springdale Rental Properties LLC, led by Brian Wagers of Cave Springs.
Wagers acquired the properties in separate deals over several years for $2.3 million.
Encore Purchase
Encore Building Products founders Brent Hanby and Joe and Monica Frame, through their trust, paid $3.75 million for the company’s 199,426-SF building on Old Missouri Road in Springdale.
Encore Commercial LLC bought the 12.4-acre property, and Arvest Bank provided a loan of $3.1 million.
The seller was The Newman Family LLC, led by Dwain Newman. Newman was the founder of National Home Centers. The Frames and Hanby founded Encore Building Products in 2011.
Fayetteville Mini-Mart
A Little Rock investor paid $3.61 million for a former convenience store on North Street in Fayetteville.
Franklin Horst Properties LP, led by Barbara Jan Bailey, was the buyer. The property was a convenience store and laundry before Blue Whale Development bought it for $1.3 million in August 2021.
Simmons Bank provided a $1.45 million loan.
Retail Center
A Jonesboro investor putting stakes in northwest Arkansas paid $3.15 million for a 12,507-SF Fayetteville retail center.
Ray Osment bought the 1.9-acre site through his Osment Investments-2820 North College LLC. Osment and his partners bought an office complex on North College for $660,000 earlier this year.
Encore Bank provided a $2.3 million loan for the retail center project.
The seller was Iron Trust LLC, led by Troy Kestner of Lowell. Kestner acquired the property for $1.6 million in 2010.
Schlotzsky Buy
A Kansas City real estate firm paid $1.59 million for two Schlotzsky’s restaurants in northwest Arkansas.
Plaza Street Partners bought the projects for about $793,000 each through NWAA LLC. Plaza Street is led by CEO Frazier Bell and President Bret Elliott. The eateries are on North College Avenue in Fayetteville and West Sunset Avenue in Springdale.
Great Southern Bank in Springfield, Missouri, provided a $2.18 million loan.
The seller was Three Times Prime LLC, led by Jim Barnes. Barnes bought the Springdale site for $330,000 in 2001 and the Fayetteville site for $220,000 in 2006.
Fayetteville Office
Arkadelphia investors paid $1.54 million for a 6,500-SF office building in Fayetteville.
EAL Properties LLC, led by Alan and Erika LeVar, bought the property on North Pointe Circle, just off Interstate 49.
Southern Bancorp Bank provided a loan of $1.2 million.
The seller was Gary Nichols, through his Hillcrest Holdings LLC. Nichols acquired the property for $1.2 million in 2016.
Flex Space
A Fayetteville flex warehouse sold for $1.125 million.
Thomas Rystrom, through his Halcones LLC subsidiary, bought the 9,540-SF warehouse. It sits on 1 acre on Hawks Landing Street.
Stone Bank provided a $1.2 million loan. The seller was ASM NWA LLC, led by James Redman of Tulsa. Redman acquired the property for $850,000 in 2020.
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