Cantrell Office Building Sale Exceeds $2.6 Million (Real Deals)

A 20,232-SF office building in west Little Rock tipped the scales at $2.61 million. 8114 Cantrell LLC, led by Billy Roehrenbeck, purchased its namesake project. The seller is Atkinson Properties LLC, led by Russell and Richard Atkinson. The deal is financed with a $2.2 million loan from Centennial Bank of Conway. The 0.83-acre development previously was linked with two February 2013 mortgages totaling $1.9 million held by Central Bank of Little Rock. Atkinson Properties bought the Lenders Title Building at 8114 Cantrell Road for $2.25 million in October 2004 from Cantrell Road Partnership, led by David Boerner. Rural Acreage More than 1,200 acres of mostly wooded property south of Wrightsville weighed in at nearly $1.5 million. Horizon Capital Partners LLLP, led by Ross Whipple, acquired the land along state Highway 365 east of Big Lake. The seller is Morgan Farms, led by John Morgan. The land was assembled as part of three transactions totaling more than $158,000. The sellers were Frank and Arline Fletcher, more than $30,000 in February 1943; the estate of August Bassler, $55,000 in April 1959; and Thomas Ziegler, $73,000 in November 1971. Multifamily Buy A 12-unit apartment project in downtown Little Rock changed hands in a $754,000 sale. Dukes’ St. Clair LLC, led by Sheffield Duke, bought the St. Clair project at 500 E. Sixth St. The seller is St. Clair On 6th St. LLC, led by David Thompson. The deal is backed with a three-year loan of $590,000 from First NaturalStat...
Source: Arkansas Business - Health Care - Category: American Health Source Type: news