Steak ’n Shake sale tops real estate deals at $2.4 million

by Talk Business & Politics staff (staff2@talkbusiness.net) 429 views 

Ward Properties LP of Hanford, Calif. made the most significant residential and commercial property transfer in Craighead County between April 15 and May 15, according to the Craighead County Assessor’s Office.

Ward Properties spent $2.4 million to buy the Steak ’n Shake restaurant and adjoining property. The deal was completed April 25.

Matthew and Melissa Haustein made the second most significant real estate purchase in the region during the period. They bought a house for $950,000 in Abernathy Lake Estates. The deal was completed May 10.

In the third largest real estate deal in the region, Jeanette Gatlin sold acreage and a residential house lot for $875,000 to Northeast Arkansas Properties. The deal was finalized May 2.

The following are the other top transactions during the period in the county.

Transaction amount: $675,000
Seller: 168 Properties LLC.
Buyer: D Squared LLC
Sale date: April 29
Address: 1835 Grant
Description: office building

Transaction amount: $625,000
Seller: Rick and Sherry Turman
Buyer: McElroy Properties Arkansas LLC
Sale date: May 2
Address: 5517 Arkansas Highway 1
Description: Office Building

Transaction amount: $605,000
Seller: Martha Louis Brown Estate
Buyer: Discovery Island Learning Center
Sale date: April 29
Address: 2921 E.Matthews
Description: day care center

Transaction amount: $520,000
Seller: Helen Johnson Revocable Trust
Buyer: Joanne Wright Revocable Trust
Sale date: May 14
Address: N/A
Description: cropland acres

Transaction amount: $500,000
Seller: Eumer and Kristie Tagupa
Buyer: Gene and Michelle Collins
Sale date: April 30
Address: Wood Springs Estates
Description: house

Transaction amount: $489,888
Seller: Sherry Ann Ladd Estate
Buyer: MGM Real Estate Company
Sale date: April 16
Address: N/A
Description: cropland acres

Transaction amount: $489,000
Seller: Grant and Summer Deprow
Buyer: Addison Burgi
Sale date: May 2
Address: N/A
Description: house

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