Medical buildings top Sebastian County property deals in May

by Michael Tilley ([email protected]) 1,085 views 

Ownership changes with medical properties were the top Sebastian County property deals in May, with four properties owned by Rodney and Stuart Ghan and Bob Cooper selling for a combined $9.751 million to Darrell Robinson and Dusty Duke of Fort Smith.

The property transactions at 6100 Massard, 520 Towson Ave., 5500 Ellsworth Road, and 5428 Ellsworth Road were recorded May 12, according to info from the office of Sebastian County Assessor Zach Johnson. All four of the properties are rented by Baptist Health-Fort Smith and are clinics for the hospital system.

Medical Investments Fort Smith LLC, representing the Ghans and Cooper, sold the three properties to Live Oak Manor Continuation LLC, which is owned by Robinson and Duke.

The Ghans and Cooper, along with Kathleen Caldarera, also acquired former hotel property at 101 N. 11th St., in downtown Fort Smith from WWA Company Inc. for $1.57 million.

The largest single property deal for the year is the $6.7 million January transaction for the property on which Red Lobster is located. Because I Love Horses LLC sold the property on Jan. 24 to 1120 South Walton Partners LLC. Corporate records show Fort Smith businessman Kane Whitt as organizer of 1120 South Walton Partners.

Following are the top 10 May transactions in Sebastian County, according to the Assessor’s office. The list is comprised from deed transfers that include the sale price.

Transaction amount: $2.95 million
Seller: Medical Investments Fort Smith LLC
Buyer: Live Oak Manor Continuation LLC
Sale Date: May 12
Address: 6100 Massard, Fort Smith
Description: Commercial property

Transaction amount: $2.475 million
Seller: Medical Investments Fort Smith LLC
Buyer: Live Oak Manor Continuation LLC
Sale Date: May 12
Address: 520 Towson Ave., Fort Smith
Description: Commercial property

Transaction amount: $2.326 million
Seller: Medical Investments Fort Smith LLC
Buyer: Live Oak Manor Continuation LLC
Sale Date: May 12
Address: 5500 Ellsworth Road
Description: Commercial property

Transaction amount: $2 million
Seller: Medical Investments Fort Smith LLC
Buyer: Live Oak Manor Continuation LLC
Sale Date: May 12
Address: 5428 Ellsworth Road
Description: Commercial property

Transaction amount: $1.57 million
Seller: WWA Company Inc.
Buyer: Brunwick Lofts LLC
Sale Date: May 16
Address: 101 N. 11th St., Fort Smith
Description: Commercial-residential property

Transaction amount: $950,000
Seller: Danny and Renae Powell
Buyer: Stuart and Kay Watterson
Sale Date: May 4
Address: 720 U.S. 71, Mansfield
Description: Commercial property

Transaction amount: $620,000
Seller: R/S Williams Properties LLC
Buyer: HCRB Properties LLC
Sale Date: May 6
Address: 6411 Old Harrison Lane, Fort Smith
Description: Commercial property

Transaction amount: $615,000
Seller: Brock and Amy Wilson
Buyer: Clyde and Chelsae Stauffer
Sale Date: May 3
Address: Fort Smith
Description: Residential-home

Transaction amount: $550,000
Seller: Daniel and Annivis Morris
Buyer: James and Shoshoni Glasscock
Sale Date: May 16
Address: Fort Smith
Description: Residential-home

Transaction amount: $495,000
Seller: Cox Investment Properties LLC
Buyer: 4157SVINEST LLC
Sale Date: May 2
Address: Hackett
Description: Residential