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Office-Warehouse Buy Tops $1 Million (Real Deals)

3 min read

An 18,680-SF office-warehouse complex in North Little Rock tipped the scales at $1.02 million.

Blue Collar LLC, led by David Lee Roberts, acquired the project at 2116-2122 W. 38th St. and 3716-3720 Harold St. The seller is Rogers River Holdings LLC, led by Jonathan Rogers.

The deal is financed with a five-year loan of $820,000 from Peoples Bank of Sheridan.

Rogers River Holdings purchased the 1.68-acre development for $636,000 in February 2015 from the W.W. Arnold Jr. & Sharon Arnold Trust No. 1.

Municipal Acquisition

The future home for Sherwood’s public works department and a police-fire training facility drew an $875,000 transaction.

The city of Sherwood bought a 23.11-acre tract at the southwest corner of Landers Road and Two Pines Drive from Keith Magness, Derek Magness, Brandon Magness and Joy Graddy.

Ownership of the property transferred from the estate of Wilma Dupree in February 2017. The Dupree family had owned the land since striking a December 1947 deal with the estate of Eagle Walker.

Worthen Property

Ownership of a 153.72-acre tract in west Little Rock was consolidated in a $683,333 transaction.

The William Booker Worthen Jr. Trust purchased the land on the south side of Pride Valley Road between Kanis Creek Place and Zanzibar Street. The seller is the George G. Worthen Family Trust.

The Worthen family has held a stake in the property for more than a century.

Pinnacle Purchase

A 9,600-SF commercial building in North Little Rock rang up a $525,000 sale.

Pinnacle Signs LLC, led by Jason and Tiffany Davenport, acquired the 7610 Counts Massie Road project.

The seller is A&C Properties LLC, led by Clint Elliott. The deal is funded with a five-year loan of $420,000 from Arvest Bank of Fayetteville.

A&C purchased the 1-acre development for $440,000 in April 2007 from Icee of Little Rock Inc., led by Sam Mangham.

Duplex Transaction

A duplex in Jacksonville changed hands in a $330,000 deal.

Juvin and Keren George bought the 1423-1425 S. Bailey St. project from Sullivan Investment Property LLC, led by Michael Sullivan.

The deal is backed with a 30-year loan of $280,500 from Pentagon Federal Credit Union of Tysons, Virginia.

The 0.32-acre site was acquired 13 months ago as part of a $12,500 deal with Rashaun Milburd.

Falstone Court

A 5,030-SF home in west Little Rock’s Falstone Court neighborhood weighed in at $1.01 million.

Auras Atreya purchased the house from MJ Innovative Builders Corp., led by Jamal Solaimanian. The deal is financed with a 30-year loan of $964,839 from Dart Bank of Mason, Michigan.

MJ Innovative bought the 0.33-acre site for $109,000 in March 2021 from PotlatchDeltic Real Estate LLC.

Prospect Terrace

A 3,753-SF home in Little Rock’s Prospect Terrace neighborhood sold for $825,000.

Amy Seale acquired the house from the Joe Crow & Virginia Flynn Joint Revocable Trust.

Crow purchased the residence for $325,000 in May 1995 from Barbara Nowlin.

Waterview Estates

A 4,792-SF home in the Waterview Estates neighborhood of west Pulaski County is under new ownership after a $799,000 deal.

Jason and Laura Williams bought the house from the Semeliss & Wolff Family Trust, led by Wade Semeliss and Jana Wolff.

The deal is funded with a 30-year loan of $808,549 from Arvest Bank.

The trust acquired the residence for $715,000 in June 2021 from Fifteenth LLC, led by Andrew Adkins.

Midland Hills

A 2,700-SF home in Little Rock’s Midland Hills neighborhood drew a $650,000 transaction.

Kermit Channell II and Cindy Moran purchased the house from Don and Jennifer Stalls.

The deal is backed with a 30-year loan of $350,000 from Arkansas Federal Credit Union of Little Rock.

The Stalls family bought the residence for $437,000 in June 2019 from Michael and Carolee Riley.

Bear Den Estates

A 2,498-SF home in west Little Rock’s Bear Den Estates neighborhood rang up a $628,766 sale.

Leonard and Marta Davis acquired the house from Dillon Homes & Real Estate Inc., led by Janet Dillon.

The deal is financed with a 30-year loan of $578,766 from Morgan Stanley Private Bank of Purchase, New York.

Dillon Homes purchased the 0.26-acre site for $99,500 in August 2022. The seller was Bear Den Development Co. LLC, led by Drew Holbert.

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