Icon (Close Menu)

Logout

Kum & Go Transaction Checks Out at $5.9M (Real Deals)Lock Icon

4 min read

A 5,700-SF super convenience store in west Little Rock weighed in at $5.93 million. Goko LLC, an affiliate of Fidelity Financial Corp. of Wichita, Kansas, bought the Kum & Go project at 15617 Chenal Parkway from Bayrock Seven LLC of Charlotte, North Carolina.

The deal is financed with a $4.1 million loan from Mid-Missouri Bank of Springfield and Pacific Coast Bankers’ Bank of Walnut Creek, California.

The 1.62-acre development previously was tied to a February 2019 mortgage of $4 million held by First Internet Bank Indiana in Fishers.

Bayrock Seven acquired the property for $5.8 million more than 18 months ago from KG Store 139 LLC, an affiliate of the Des Moines, Iowa, convenience store chain.

Office Acquisition

A 5,847-SF office building in midtown Little Rock rang up an $870,000 sale.

Hayes Street Properties LLC, led by Jacob Froemsdorf, Rocky Goodman, John Brock, Jaye Gasaway, Robert Schichtl II and James Tuohey, purchased the 501 N. University Ave. project. The seller is Duncan-Liles Farms LLC, led by Randall Duncan.

The deal is backed with a five-year loan of $731,000 from Simmons Bank of Pine Bluff.

The 0.35-acre development previously was linked with a May 2008 mortgage of $607,050 held by Summit Bank of Arkadelphia.

The property was bought for $335,000 in October 1997 from the estate of Dr. John Lohstoeter and the Audrey Lohstoeter Living Trust.

Jacksonville Retail

A 5,151-SF strip center in Jacksonville changed hands in a $426,000 deal.

Grif-Co LLC, led by Keith Griffin, acquired the 1910 Marshall Road project from V&J Properties LLC, led by Victoria and Joseph Farrer.

The 0.51-acre development is now helping secure a 20-year loan of $475,000 from Cross County Bank of Wynne.

The property previously was tied to a February 2019 mortgage of $434,821 held by Little Rock’s Bank OZK.

The project was purchased in March 2004 for $450,000 from Marshall Place Partnership, led by Lloyd and Marsha Friedman and Phyllis Dabbs.

Mini Purchase

A 0.6-acre piece of the Maumelle Mini Storage project sold for $300,000.

The David Gray Living Trust bought the southern half of the 100 Casey Drive project from Maumelle Mini Storage LLC, led by Robert Weyrens and Steve Hall.

The deal is funded with a $300,000 loan from Centennial Bank of Conway. The property previously helped secure an April 2007 mortgage of $400,000 held by the bank.

The location was acquired more than 13 years ago as part of a $265,000 deal with Stellar Real Estate Holdings LLC, led by Jimmy Cavin.

Deauville Place

A 5,055-SF home in west Little Rock’s Deauville Place neighborhood drew an $860,000 transaction.

Shawn and Janetta Andrews purchased the house from James Built Homes Inc., led by Randy James. The deal is financed with a 30-year loan of $460,000 from Mortgage Financial Services LLC of Baton Rouge.

The residence was linked with an August 2019 mortgage of $692,000 held by Bank OZK.

James Built Homes bought the location for $106,000 in September 2018 from AEKK Property LLC, led by Ken Hamilton.

Forest Heights

A 2,606-SF home in Little Rock’s Forest Heights neighborhood is under new ownership after a $630,000 deal.

Steve and Kay Overley acquired the house from the Cassandra Alexis Free-man Revocable Trust.

The property was tied to an October 2016 mortgage of $150,000 held by Bank of Little Rock Mortgage Corp.

The residence was purchased for $520,000 in September 2009 from Sonya Gunn.

Hillcrest Home

A 3,045-SF home in the Hillcrest area of Little Rock rang up a $605,000 sale.

Edward and Sara Mader and Rebecca Sullivan bought the house from Gardner Custom Homes Inc., led by Steven Gardner.

The residence was linked with a March 2018 mortgage of $440,000 held by BancorpSouth Bank of Tupelo, Mis-sissippi. The property was acquired for $120,000 in October 2017 from Douglas Treadway.

Valley Creek

A 3,900-SF home in the Valley Creek neighborhood of North Little Rock changed hands in a $595,000 deal.

Kenneth and Jerilyn Wasson purchased the house from Thomas and Jennifer Kennon. The deal is backed with a 30-year loan of $476,000 from Arvest Bank of Fayetteville.

The Kennons bought the location for $75,000 in September 2018 from Woodcrest Co. LLLP, led by James P. Matthews.

Woodlands Edge

A 3,961-SF home in west Little Rock’s Woodlands Edge neighborhood sold for $545,000.

Elaine and Charles Myers purchased the house from Nelson Family Revocable Trust, led by Steven and Deborah Nelson.

The location was bought for $80,000 in August 2013 from Rocket Properties LLC, led by Lisenne Rockefeller and Ron Tyne.

Maumelle Abode

A 3,494-SF home in the Maumelle Valley Estates neighborhood drew a $525,000 transaction.

Christopher Foster and Kimberly Calhoun acquired the house from Shane and Charlotte Potts. The deal is funded with a 30-year loan of $325,000 from Eagle Bank & Trust of Little Rock.

The Potts family purchased the location for $69,000 in December 2012 from Maumelle Valley LLC, led by Gilbert Carpenter.

Robinwood Residence

A 3,028-SF home in Little Rock’s Robinhood neighborhood is under new ownership after a $508,000 deal.

Elmer Ritchie Jr. and his wife, Lynne, bought the house from the Paul Greene & Terri Murdoch Living Trust.

The deal is financed with a 30-year loan of $304,800 from IberiaBank of Lafayette, Louisiana. The residence was acquired for $455,000 in March 2004 from Bryan and Caroline Jeffrey.

Send this to a friend