A Springdale self-storage complex sold for just shy of $4.7 million to a Denver investment group.
VanWest Partners, led by Wade Buxton, bought the Mystorage.com complex on Old Missouri Road. The complex covers 4 acres and has 450 units totaling approximately 70,000 SF.
The Old Missouri complex has been rebranded under VanWest’s subsidiary ClearHome Self Storage.
SMC VWP LLC of Denver provided a loan of more than $4.3 million.
The seller was Northlake Storage LLC, led by Bruce Clinton of Little Rock. Clinton acquired the property for $1.7 million in 2017.
Matt Imhoff of Cushman & Wakefield-Sage Partners and Hugh Jordan of The Jordan Group were the agents in the transaction.
Fayetteville Chapel
A Fayetteville church paid $3 million to acquire its house of worship.
Harvest Community Church of Fayetteville, led by Ben Wilson and Dwayne Bell, bought its 12,690-SF chapel on North Steele Boulevard in uptown Fayetteville.
Foundation Capital Resources Inc. of Springfield, Missouri, provided a loan of slightly more than $2.2 million. The church also took a $600,000 loan from the seller.
The seller was Southern Sand LLC, led by Patrick Harris. Harris acquired the property for $1.6 million in 2015.
Sunset Place Apartments
A New Jersey real estate investing partnership paid $1.75 million for an 18-unit apartment complex in Fayetteville.
Spruce Ventures LLC, led by Christopher Stout and Alexander Roth of Shrewsbury, bought the Sunset Place complex. The complex totals more than 13,000 SF and sits on nearly 2 acres.
Generations Bank provided a loan of slightly more than $1.4 million.
Boston Mountain Holdings LLC, led by Chris Hamaker of Fayetteville, was the seller. Hamaker acquired the property for $1.54 million in 2021.
Warehouse Complex
A Springdale warehouse complex sold for $1.85 million to two New Jersey real estate investing partners.
Christopher Stout and Alexander Roth, through their SRS Shaver LLC of Shrewsbury, bought the 1-acre-plus complex on Shaver Street. The property includes warehouses totaling more than 23,700 SF.
Generations Bank provided a loan of nearly $1.5 million.
The sellers were MSide Fay LLC and Ribble Investments Co. LLC. Mside is led by TJ Lefler and Ribble is led by Alan Ribble.
The partnership acquired the property as part of a $2.8 million deal in 2023.
Carpet Store
A flooring and carpet store in Springdale sold for more than $1.2 million.
Fishing Bridge Investments LLC, led by Gregory Von Brown and Sharon Stanley of Fayetteville, bought the 12,150-SF building on Sanders Avenue. The property is home to Flooring Liquidators, which was formerly known as Gary’s Floor & Home.
Signature Bank of Arkansas provided a loan of $980,000.
The seller was Gary Brown I LLC, led by Gary Brown. Brown acquired the property for $275,000 in 1992.
Fayetteville Office
A Fayetteville investor paid $1.2 million for a Fayetteville office building.
Riggins Ventures LLC, led by Dakota Kevin Riggins, bought the building on South East Avenue. The property sits on 0.67 acre.
Signature Bank of Arkansas provided a loan of slightly more than $1 million.
The office was home to Parnell Enterprises Inc. The seller was New Deal IV Inc., led by Troy and Linda Parnell.
The Parnells acquired the property for $1.1 million in 2005.
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