Little Rock business park sells for $3.5M
by March 21, 2023 12:00 pm 3,197 views
Little Rock U Storage LLC, registered to Rory Thompson of Conway, is the new owner of I-630 Business Park, an office/self-storage facility at 1200 John Barrow Road in Little Rock.
According to a news release from commercial real estate firm Colliers Arkansas, the deal closed on March 3. The previous owners were I-630 Business Park LLC, TSP AZ LLC and NRG Investments LLC.
The 89,209-square-foot mixed-use facility is near the Interstate 630/430 interchange. Built in 1986, it includes retail, office and self-storage. The new owners plan to convert the facility to fully climate-controlled storage.
Nathan Monan with Colliers Arkansas represented the sellers. James Lacy ReMax Elite represented the buyer.
“This property has been a John Barrow Road staple for decades,” Monan said. “The new owner is experienced in mini-storage development, has a strong Arkansas portfolio and is well-positioned to keep this facility successful.”
The property last changed hands in August 2000 for $2.23 million.