Apartment complex, Movietown are top Sebastian County property deals in June

by Michael Tilley ([email protected]) 2,461 views 

The sale of an apartment complex in the southwest corner of Grand Avenue and Interstate 540 was the largest Sebastian County property deal in June and, at $9 million, the largest county property transaction so far in 2022.

FS3 Holdings LLC sold the apartment complex at 5901 Kinkead Ave., on June 7 to Rampart Enterprises Inc. for $9 million, according to info from the office of Sebastian County Assessor Zach Johnson.

Black Bison Company LLC bought the former Movietown property at 8434 Phoenix Ave., on June 10. The property is near Black Bison’s retail store which sells specialty coffee and gifts, art, jewelry and other items. The $1.1 million deal between Black Bison and Movietown Inc. was the second largest deal in the county during July.

Clifton Ladd sold a home in Fort Smith to Fausto and Maria Sanchez for $1.05 million, which was the third largest June property deal in the county.

Prior to June, the largest single property deal for the year was the $6.7 million January transaction for the property on which Red Lobster is located in Fort Smith. 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 June transactions in Sebastian County, according to the Assessor’s office. The list is comprised from deed transfers that include the sale price.

Transaction amount: $9 million
Seller: FS3 Holding LLC
Buyer: Rampart Enteprises Inc.
Sale Date: June 7
Address: 5901 Kinkead Ave., Fort Smith
Description: Residential-apartments

Transaction amount: $1.1 million
Seller: Movietown Inc.
Buyer: Black Bison Company Inc.
Sale Date: June 10
Address: 8434 Phoenix Ave., Fort Smith
Description: Commercial property

Transaction amount: $1.05 million
Seller: Clifton Ladd
Buyer: Fausto and Maria Sanchez
Sale Date: June 6
Address: Fort Smith
Description: Residential-home

Transaction amount: $1 million
Seller: Linda and Carter Raff Family Trust
Buyer: Cole Properties Midland Avenue LLC
Sale Date: June 2
Address: 4123 Grand Ave., Fort Smith
Description: Commercial property

Transaction amount: $590,000
Seller: Michael and Tanya Nichols
Buyer: Bryan and Shayla Jackson
Sale Date: June 2
Address: Greenwood
Description: Residential-home

Transaction amount: $580,000
Seller: G&G Properties
Buyer: Wheeler Ave. Car Wash & Self Storage LLC
Sale Date: June 2
Address: 5520 Wheeler Ave., Fort Smith
Description: Commercial property

Transaction amount: $566,000
Seller: Rouse Walker Properties Inc.
Buyer: Travis Walling
Sale Date: June 2
Address: Fort Smith
Description: Residential-home

Transaction amount: $531,939
Seller: United Built Homes Inc.
Buyer: Scott & Renee Durham
Sale Date: June 9
Address: 4916-4920
Description: Commercial property

Transaction amount: $520,000
Seller: Adebayo and Bridget Fasanya
Buyer: Calvert Martial Trustee
Sale Date: June 9
Address: Fort Smith
Description: Residential-home

Transaction amount: $475,000
Seller: Jesse and Donna Fenwick
Buyer: Modern Venture Properties LLC
Sale Date: June 9
Address: 134-136 N. 49th St., Fort Smith
Description: Residential property