Building in Medical Corridor Sold to Investor
by September 30, 2013 12:00 am 123 views
A medical office building in Fayetteville’s medical corridor and undeveloped commercial land in Bentonville each generated seven-digit deals recently.
Monroe Millsap LLC, led by Jason Fowler, bought the 12,000-SF building at 435 E. Millsap Road in Bentonville for $1.74 million.
Seller: Roy William Carver, through his 435 Milsap Rd LLC.
Carver has owned the property for 12 years and paid $1.53 million for it.
The single-story building was built in 1995 on a 1.66-acre lot and has a single tenant — BioLife Plasma Services.
Wal-Mart Stores Inc., through its Wal-Mart Real Estate Business Trust entity, took ownership of a 2.01-acre tract at the northwest corner of South Walton Boulevard and Arkansas Highway 102 in a $4.5 million deal.
Seller: Stamja-DT AR Properties LLC, led by Jason LaFrance, son of the late Stephen LaFrance, founder and former CEO of now-defunct Arkansas drug store chain USA Drug Inc.
LaFrance sold the franchise to Walgreen’s in July 2012.