A pair of mini-storage projects in southwest Little Rock changed hands in two deals totaling $5.2 million.
SSCP Geyer Springs Rd LLC acquired the 376-unit project at 8015 Geyer Springs Road for $3.16 million, and SSCP Leon Circle LLC purchased the 562-unit project at 6100 Leon Circle for $2.09 million.
The affiliates of Philadelphia’s Self Storage Capital Partners bought the properties from Little Rock Self Storage LLC of Cordova, Tennessee.
The deal is financed with a five-year loan of $7 million from Citigroup Global Markets Realty Corp. of New York.
The 4.88-acre Geyer Springs development previously was tied to an October 2014 mortgage of $1.88 million held by Centennial Bank of Conway.
The property was acquired for $2.35 million more than two years ago from Cubby Hole USA 2 Ltd. of Hallsville, Texas.
The 3.34-acre Leon Circle development previously was linked with a November 2014 mortgage of $1.41 million held by Centennial.
The property was purchased for $1.7 million more than two years ago from Wood Stone Little Rock LLC of Mount Kisco, New York.
Retail Acquisition
A 25,400-SF retail center in west Little Rock tipped the scales at $1.85 million.
9801 West Markham LLC, led by Justin Muller and Andrew Holbert, bought the Markham Square project at 9801 W. Markham St. The seller is Markham Square Holdings LLC, led by Jason LaFrance.
The deal is backed with a five-year loan of $1.8 million from FNBC Bank of Ash Flat.
The 2.31-acre development previously was tied to a March 2016 mortgage of $1.4 million from Relyance Bank of Pine Bluff.
Markham Square Holdings purchased the property for $1.8 million in November 2009 from Markham Square LLC, led by Gene Cauley.
Office-Warehouse Buy
A 45,860-SF office-warehouse in North Little Rock weighed in at $1.65 million.
BlueCoop LLC, led by Robert Bluejacket, Marcia Cooper and Glenn Petkovsek, acquired the Jenkins Enterprises project at 4949 W. Bethany Road.
The seller is JWJ Investments LLC, led by Steve Jenkins.
The deal is funded with a 15-year loan of $1.4 million from Regions Bank of Birmingham, Alabama.
The 4.74-acre location was assembled in two deals totaling $20,000, plus a trade.
The sellers were the city of North Little Rock, $16,000 in March 1983; George and Linda Stancil and Kirview and Clairette Wicker, $4,000 in June 1985; and a land swap with Cemco Inc., led by Buddy York, in December 1989.
Dairy Queen Site
A Dairy Queen development in midtown Little Rock is in motion after a $700,000 land deal.
You Scream Properties University LLC, led by Todd Denton, purchased the 1.4-acre site at 6100 W. 12th St. The seller is BH University Development LLC, led by Brandon Huffman, James Barnes and James Batcheller.
The deal is financed with a three-month loan of $630,000 from Simmons Bank of Pine Bluff.
The property was acquired in June 2013 as part of a $3 million deal with MBC Holdings Worldwide LLC, led by Bruce Burrow and Marty Belz.
C1 Transaction
A 19,000-SF driver training facility in North Little Rock is under new ownership after a $480,000 sale.
Legal Beagle Properties LLC, led by Steven Moss, bought the C1 Truck Driver Training project at 7303 U.S. 70. The seller is Maverick Real Estate LLC, led by Stephen Williams.
Maverick purchased the 7.87-acre property for $332,000 in September 1993 from Williams Properties East Inc., led by Williams.
Heights Home
A 4,724-SF home in Little Rock’s Country Club Heights neighborhood rang up a $1.15 million sale.
Louis and Jolene Wilson acquired the house from 2115 Properties LLC, an affiliate of Riverside Bank led by Stephen Davis and David Matchett.
The deal is backed with a 10-year loan of $1 million from IberiaBank of Lafayette, Louisiana.
The residence previously was linked with a September 2015 mortgage of $1.1 million held by Allied Bank of Mulberry.
Riverside Bank recovered the property from Lane Kidd and Jennifer Matthews Kidd in a $1.37 million foreclosure sale in March 2011.
The house carried $1.52 million of Riverside debt when the foreclosure process began in July 2010.
PV Residence
A 5,000-SF home in west Little Rock’s Pleasant Valley neighborhood drew a $950,000 transaction.
Michael and Katherine Miller purchased the house from Jim Pace Homes LLC. The deal is funded with a 30-year loan of $417,000 from One Bank & Trust of Little Rock.
The residence previously was tied to an April 2016 mortgage of $760,000 held by BancorpSouth Bank of Tupelo, Mississippi.
The land was acquired for $260,000 10 months ago from Shashwat and Falguni Goyal.
Courts House
A 5,477-SF home in The Courts neighborhood of west Little Rock’s Chenal Valley development sold for $565,000.
Judith McDaniel bought the house from Eloy and Megan De La O.
The deal is financed with a 30-year loan of $423,750 from Centennial Bank.
The residence previously was linked with a December 2014 mortgage of $417,000 held by Little Rock’s Bank of the Ozarks.
The property was purchased for $525,000 more than two years ago from John and April McMorran.
Mirabel Abode
A 3,920-SF home in the Mirabel Court neighborhood of west Little Rock’s Chenal Valley development changed hands in a $559,585 transaction.
Christopher Shields acquired the house from Richard Harp Homes Inc. The deal is backed with a 30-year loan of $417,000 from Bank of Little Rock Mortgage Corp.
The residence previously was tied to a March 2016 mortgage of $465,000 held by Gateway Bank of Rison.
The location was bought for $82,000 in December 2015 from Deltic Timber Corp. of El Dorado.