Former gas station transaction the top January Sebastian County property deal

by Michael Tilley ([email protected]) 2,868 views 

The top Sebastian County property transaction in January was part of a two-transaction deal with an old gas station property in Fort Smith that involved a real estate company based in New York.

On Jan. 5, Standard Development Company LLC bought the former gas station property at 3825 Jenny Lind Road in Fort Smith from Jenny Lind One Stop LLC in a $400,000 transaction. That same day, Standard Development sold the same property to RCP 5900 for $1.1 million, according to info from the office of Sebastian County Assessor Zach Johnson.

RCP 5900 is a Fayetteville-based company with Andrew Fein listed as the incorporator. RCP is affiliated with Rye, N.Y.-based Rhino Capital Partners, which is a real estate aggregation company. Standard Development is based in Little Rock with Michael Flannery listed as the manager. The company is a convenience store development company.

The second largest deal in the month had Sharon Shipley selling property and buildings at 2800 Wheeler Ave. in Fort Smith to Breeden Rentals for $750,000.

The top 10 deals in January had a combined deal value of $6.423 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. 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 January transactions in Sebastian County, according to the Assessor’s office. The list is comprised from deed transfers that include the sale price.

Transaction amount: $1.1 million
Seller: Standard Development Company LLC
Buyer: RCP 5900 Ft Smith LLC
Sale Date: Jan. 5
Address: 3825 Jenny Lind Road, Fort Smith
Description: Commercial

Transaction amount: $750,000
Seller: Sharon Shipley
Buyer: Breeden Rentals LLC
Sale Date: Jan. 13
Address: 2800 Wheeler Ave., Fort Smith
Description: Commercial

Transaction amount: $725,000
Seller: David Brandon
Buyer: JL Fort Smith 1698 LLC
Sale Date: Jan. 6
Address: 1707 S. Waldron Road, Fort Smith
Description: Commercial

Transaction amount: $625,000
Seller: Richard and Lisa Blue
Buyer: Duane and Adrienne Daggs Revocable Trust
Sale Date: Jan. 6
Address: Greenwood
Description: Residential-home

Transaction amount: $600,000
Seller: Lillard Hayes
Buyer: Alaric and Shivaun Parrish
Sale Date: Jan. 19
Address: Fort Smith
Description: Residential-home

Transaction amount: $494,000
Seller: Brianna Aishman
Buyer: Joel, Ward, and Riley Breeden
Sale Date: Jan. 2
Address: Greenwood
Description: Residential-home

Transaction amount: $489,250
Seller: Miller Investment
Buyer: S&S Laster Properties LLC
Sale Date: Jan. 18
Address: 1435 Center St., Greenwood
Description: Commercial

Transaction amount: $430,000
Seller: Brownstone Rentals LLC
Buyer: Paul and Susan Dunn
Sale Date: Jan. 4
Address: Greenwood
Description: Residential

Transaction amount: $410,000
Seller: Nancy Craig
Buyer: George and Cheryl Williams
Sale Date: Jan. 5
Address: Fort Smith
Description: Residential-home

Transaction amount: $400,000
Seller: Jenny Lind One Stop LLC
Buyer: Standard Development Company LLC
Sale Date: Jan. 5
Address: 3825 Jenny Lind Road, Fort Smith
Description: Commercial

Transaction amount: $400,000
Seller: Ben and Terri Freeny
Buyer: Blue Ox LLC
Sale Date: Jan. 17
Address: 2120 N. B St.
Description: Commercial