North Little Rock industrial facility sells for $3.65 million
by October 23, 2018 4:09 pm 282 views
A 3.3-acre industrial/trucking facility at 10600 Maybelline Road in North Little Rock was sold on Oct. 15 for $3.65 million.
Tri-State Thermo King of Memphis purchased the property from NLR ARK Investments LLC of Texas. Kevin Huchingson and Justin Bentley of Colliers International Arkansas in Little Rock represented the seller in the transaction.
The 61,198-square-foot facility, built in 1977, includes a 34,678-square-foot showroom/automotive shop with nine truck bays as well as a 26,520-square-foot storage facility with 28 bays.
The property was empty at the time of the sale. It had recently been vacated by the owner, Superior Trailer Sales.
Tri-State Thermo King is a refrigeration equipment supply company that sells and services air-conditioning and refrigeration for trucks and trailers. They are the exclusive representative of Thermo King Corp. and carry an extensive inventory.
“This facility was the perfect solution for Tri-State Thermo King in this market,” Bentley said. “Not only does it provide plenty of room for them to grow, it has incredible visibility and access to Interstate 40, the primary trucking corridor in Arkansas.”
Thermo King was represented in the sale by Charles Sevier of Crump Commercial.