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WLR Automotive Property Bears $4M Price Tag (Real Deals)Lock Icon

5 min read

Undeveloped auto land in west Little Rock weighed in at $4.05 million.

LL Ark Properties LLC, an affiliate of Luther Automotive Group of St. Louis Park, Minnesota, acquired the 12.56-acre tract on the west side of Col. Glenn Plaza Loop across from Steve Landers Chrysler Jeep Ram.

The seller is Glenn Ridge Crossings II LLC, led by Steve Landers Sr. The property previously helped secure a March 2013 mortgage of $4.9 million held by Regions Bank of Birmingham, Alabama.

The land was purchased in May 2006 as part of a $2.95 million deal with HCA Health Services of Midwest Inc. of Nashville, Tennessee.

Truck Center Buy
A 27,518-SF truck project in North Little Rock tipped the scales at $2.5 million.

PACCAR Machinery Corp., an affiliate of Peterbilt Motors Co. of Denton, Texas, bought the 5.39-acre Peterbilt Truck Center development at 1 Peterbilt Drive and an adjoining 4-acre parcel from PTC Little Rock LLC of Jackson, Mississippi.

The truck center property was purchased for $900,000 in August 2001 from Claire and Margaret Larson.

The 4-acre parcel was acquired for $120,000 in December 2002 from Esco Investments LLC of Oklahoma City.

Warehouse Acquisition
An 80,919-SF warehouse complex in Little Rock changed hands in a $1.25 million deal. Ben Davis Properties Management LLC of Little Rock repurchased the 14.2-acre development at 2301 Bolton St. from Caleast Nat LLC, an affiliate of CenterPoint Properties Trust in Oak Brook, Illinois.

The deal is financed with a $1.2 million loan from Central Bank of Little Rock. The project was bought for $3.2 million in August 2006 from Ben Davis.

Sherwood Land
A 2.58-acre commercial parcel in Sherwood rang up a $425,000 sale.

TDT-Sherwood LLC, led by Terry Toney, acquired the land adjoining the north side of the Whit Davis Home & Hardware Plus store at 9100 Brockington Road. The seller is The Cracker Box LLC, led by Lewis Gardner.

The property was purchased in March 2004 as part of a $687,000 deal with Austin Bay on the Lakes LLC, led by Marian Botsford.

Commercial Package
A trio of properties in downtown Little Rock is under new ownership after a $325,000 transaction.

Tusk Holdings LLC, led by Rusty Thompson, bought the 1,086-SF Mr. Sud’s Detailing at 900 E. Ninth St., Hot Rods automotive center at 910 E. Ninth St. and an adjoining vacant lot. The seller is Schlereth Family LLC, led by John Schlereth.

The combined 0.8-acre property was assembled in five transactions with Virginia Hamilton in February 1921, Ruby Joyner in February 1968, estate of Albertine McNeil, $14,000 in March 1968; Audrey Couch Smith in November 1968; and Nell Wrape, $6,000 in June 1987.

Chenal Downs Manor
A 10,943-SF manor in the Chenal Downs neighborhood weighed in at $1.38 million.

James and Paulette Ward purchased the house from Christy Properties LLC, led by Chris Christy. The deal is backed with a 30-year loan of $1.1 million from KS StateBank of Manhattan, Kansas.

The residence was bought for $411,000 in March 2016 from Bank of New York Mellon.

Turtle Creek Abode
A 5,609-SF home in Maumelle’s Turtle Creek Cove neighborhood sold for $950,000.

Marty and Kimberly Ward acquired the house from Randall Cochran. The residence previously was tied to an October 2009 mortgage of $416,000 held by First Security Bank of Searcy.

The location was purchased for $250,000 in September 2004 from Turtle Creek Cove LLC, led by Gary Jones.

Country Club House
A 3,753-SF home near the Country Club of Little Rock drew a $760,000 transaction.

Ricki and Robert Johnson bought the house from Beth Leake and Jacquelyn Pittman. The deal is funded with a 30-year loan of $424,100 from Simmons Bank of Pine Bluff.

The residence previously was linked with a September 2008 mortgage of $250,000 held by U.S. Bank of Cincinnati and a January 2017 mortgage of $191,487 held by Rush and Linda Harding.

The property was acquired for $199,000 in September 1989 from Robert Cearley Jr. and his wife, Sarah.

Condo Space
High-rise space in downtown Little Rock changed hands in a $695,000 deal.

Bradford 1805 LLC, led by Mark Dake, purchased the 2,954-SF unit on the 18th floor of the River Market Tower at 315 Rock St. The seller is RMT II LLC, led by Jimmy Moses and Rett Tucker.

The deal is financed with a 20-year loan of $916,000 from Missouri’s Springfield First Community Bank.

The unit helped secure April 2014 mortgages of $18.6 million held by First Security Bank and $3.3 million held by Citizens Bank of Batesville and a June 2015 mortgage of $132,817 held by First Security.

Cliffewood Home
A 2,139-SF home in Little Rock’s Cliffewood neighborhood rang up a $625,000 sale.

Eric Wippo and Mary Jones acquired the house from James and Brandy Wood. The deal is backed with a 30-year loan of $424,000 from Highlands Residential Mortgage Ltd. of Dallas. The residence previously was tied to a December 2015 mortgage of $425,000 held by BancorpSouth Bank of Tupelo, Mississippi.

The Wood family purchased the property for $477,000 21 months ago from George Easley Jr. and his wife, Camille.

Belle Pointe Abode
A 3,686-SF home in west Little Rock’s Belle Pointe neighborhood is under new ownership after a $590,000 deal.

Wesley and Preeti Woods bought the house from the Kevin Compton Revocable Trust. The deal is funded with a 30-year loan of $424,100 from Little Rock’s Bank of the Ozarks.

The property was acquired for $495,000 in May 2000 from Rodney and Rose Reasoner.

Ensbury Residence I
A 3,925-SF home in the Ensbury Place neighborhood of west Little Rock’s Chenal Valley development sold for $575,000. Gregory and Susan Fosburgh purchased the house from Randy James Construction Co.

The deal is financed with a 30-year loan of $287,500 from North American Savings Bank of Grandview, Missouri.

The residence previously was linked with a December 2016 mortgage of $412,000 held by First Security Bank.

The site was bought for $90,000 10 months ago from Deltic Timber Corp. of El Dorado.

Ensbury Residence II
A 3,475-SF home in the Ensbury Place neighborhood drew a $523,750 transaction. Lindsay and William Still acquired the house from Carol Shields.

The deal is backed with a 30-year loan of $518,500 from IberiaBank of Lafayette, Louisiana.

The residence previously was tied to a December 2016 mortgage of $386,400 from First Security Bank. The location was purchased for $87,000 10 months ago from Deltic Timber.

Overlook House
A 3,996-SF home in Little Rock’s Overlook Park neighborhood changed hands in a $510,000 sale.

Donald and Kayce Chaney bought the house from the Albert F. Otten & Frances E. Otten Joint Revocable Trust. The deal is funded with a 30-year loan of $408,000 from Simmons Bank.

The residence previously was linked with a July 2015 mortgage of $350,000 held by IberiaBank.

The property was acquired for $34,000 in March 1978 from Ben and Brenda Hogan.

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