Hotel property sale the top Sebastian County property deal in December

by Michael Tilley ([email protected]) 2,190 views 

A $2.45 million sale of the Rodeway Hotel at 2123 Burnham Road was the top Sebastian County property deals in December, according to info from the office of Sebastian County Assessor Zach Johnson.

The hotel, located near the McDonald’s restaurant on Rogers Avenue near Interstate 540, was sold by Sunny Management LLC and Magan Hotels to Sunshine Hotel LLC. Magan is based in Van Buren and owned by Pinakin Patel. Sunshine Hotel is based in Fort Smith and owned by Hiren Patel.

The top 10 deals in December had a combined deal value of $6.995 million.

A $20.387 million sale of the new Veterans Affairs Clinic in Fort Smith and associated property was the largest Sebastian County property deal in 2022. (See list at end of story for the top five Sebastian County property deals in 2022.) The deal closed Sept. 8. The 49,500-square-foot VA Clinic, located at 5700 Phoenix Ave., was completed in early 2021, with the building permit valued at $15.7 million.

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

Transaction amount: $2.45 million
Seller: Sunny Management LLC
Buyer: Sunny Management LLC and Magan Hotels
Sale Date: Dec. 7
Address: 2123 Burnham, Fort Smith
Description: Commercial

Transaction amount: $750,000
Seller: Barn Studio Properties
Buyer: Beckloff Fort Smith Properties LLC
Sale Date: Dec. 14
Address: 6400 Riley Park Drive, Fort Smith
Description: Commercial

Transaction amount: $675,000
Seller: Canjo LLC
Buyer: Arkansas Foundation for Medical Care Inc.
Sale Date: Dec. 2
Address: Commercial and residential properties on South 21st and South 22nd Streets, Fort Smith

Transaction amount: $589,000
Seller: RAC Investment Holdings Inc.
Buyer: Vasiliki Investments LLC
Sale Date: Dec. 14
Address: 3100 Towson Ave., Fort Smit
Description: Commercial

Transaction amount: $509,000
Seller: Paul and Candice Jones
Buyer: Pardeep and Summit Prinja
Sale Date: Dec. 2
Address: Fort Smith
Description: Residential-home

Transaction amount: $450,000
Seller: Scott and Kathleen Converse
Buyer: Ricardo Uribe
Sale Date: Dec. 2
Address: Fort Smith
Description: Residential-home

Transaction amount: $450,000
Seller: T&T Furniture Inc.
Buyer: Modern Venture Property
Sale Date: Dec. 2
Address: 910 S. Greenwood Ave., Fort Smith
Description: Commercial

Transaction amount: $386,630
Seller: John O’Malley
Buyer: Suntrust Bank
Sale Date: Dec. 9
Address: Fort Smith
Description: Residential-home

Transaction amount: $370,000
Seller: J. David Hightower Living Trust
Buyer: American Welding Laboratories LLC
Sale Date: Dec. 5
Address: 4400 S. 16th St., Fort Smith
Description: Commercial

Transaction amount: $365,615
Seller: Tuition Builders
Buyer: WPA Farms LLC
Sale Date: Dec. 14
Address: Fort Smith
Description: Residential-home

TOP 2022 DEALS
Following are the top five Sebastian County property deals in 2022, according to the Assessor’s office.
Transaction amount: $20.387 million
Seller: VAF 5700 Phoenix Place LLC
Buyer: GOV VA Ft. Smith LLC
Sale Date: Sept. 8
Address: 5700 Phoenix Place, Fort Smith
Description: Commercial

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: $6.7 million
Seller: Because I Love Horses, LLC
Buyer: 1120 South Walton Partners LLC
Sale Date: Jan. 24
Address: 7401 Rogers Ave., Fort Smith
Description: Commercial property

Transaction amount: $5.384 million
Seller: Don Wise Construction
Buyer: Terry and Mary Anne Poling Trust
Sale Date: Jan. 21
Address: Fort Smith
Description: Residential-home

Transaction amount: $5 million
Seller: Danny Meadows Builder Inc.
Buyer: Jason and Anna Nguyen
Sale Date: Nov. 18
Address: Houston and South Houston Streets, Fort Smith
Description: Residential