Cycle/ATV shop spends $3.35 million to buy factory property

by Talk Business & Politics staff ([email protected]) 1,251 views 

Jonesboro Cycle and ATV LLC made the most significant residential and commercial property transfer in Craighead County, from Oct. 15 through Nov. 15, according to the Craighead County Assessor’s Office. The company spent $3.35 million to buy the Jimco Lighting Factory. The deal was completed Nov. 1.

JMS Holdings LLC made the second most significant real estate purchase in the region during the period. The company bought 389 residential acres for $1.8 million. The deal was completed Oct. 21.

In the third largest real estate deal in the region, Double H Properties LLC bought apartments in Bono. The deal was for $1.775 million and was completed Oct. 28.

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

Transaction amount: $1.7 million
Seller: Woodruff Brothers Investment LLC
Buyer: Rak Holdings LLC
Sale date: Oct. 25
Address: 2800 Enterprise Drive
Description: dental office

Transaction amount: $1.2 million
Seller: Jonesboro Cycle and ATV LLC
Buyer: Son-Tina Enterprises LLC
Sale date: Oct. 29
Address: N/A
Description: commercial acres

Transaction amount: $1 million
Seller: Eva and David Mellberg; James and Ginger Gober; Tony and Anita Tate
Buyer: Morris Real Estate Holdings LLC
Sale date: Oct. 29
Address: N/A
Description: residential acres

Transaction amount: $935,000
Seller: David and Barbara Martin Family Living Trust
Buyer: William and Mary Fulkerson
Sale date: Oct. 28
Address: Crafts Drive
Description: house

Transaction amount: $790,000
Seller: Eric and Ann Burch
Buyer: Bradley and Frances Hawks
Sale date: Nov. 10
Address: Farmington CV
Description: house

Transaction amount: $760,000
Seller: David and Melanie Loiacano
Buyer: Todd and Lynda Clements
Sale date: Oct. 15
Address: Ridgepointe
Description: house

Transaction amount: $755,250
Seller: HJG LLC
Buyer: City of Brookland
Sale date: Oct. 15
Address: N/A
Description: acres