Fort Smith convenience store sale the top Sebastian County property deal in July

The $2.2 million sale of the Oakcrest Market gas station and convenience store at 2000 Phoenix Ave., in Fort Smith was the largest July property deal in Sebastian County, according to information provided by the office of Sebastian County Assessor Zach Johnson.

DELMAR LLC, owned by Jeffrey Frost with Fort Smith-based Frost Oil, sold the property and an adjacent residential property to 2000 Phoenix FSM LLC, which is owned by Brandon Richmond. According to his LinkedIn page, Richmond owns five Oakcrest stations in Fort Smith and Van Buren. His other businesses include Garrison Wine and Spirits and Royal Ridge Construction.

The second largest Sebastian County property deal was the $845,000 sale of a home in Fort Smith by John and Angela Shipley to David and Jane Rappeport.

The top 10 deals in July had a combined deal value of $8.126 million.

The largest deal so far in 2023 is the $5.7 million sale of Southbrooke apartments on 8201 U.S. 271 S., in Fort Smith. The complex was sold by Dallas-based FS Southbrooke to Fort Smith-based Southbrooke Fort Smith in deal that closed April 6. The new owners plans to renovate the 129-unit apartment complex.

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

JULY SALES
Transaction amount: $2.2 million
Seller: DALMAR LLC
Buyer: 2000 Phoenix FSM LLC
Sale Date: July 12
Address: 2000 Phoenix Ave., Fort Smith
Description: Commercial-convenience store

Transaction amount: $845,000
Seller: John and Angela Shipley
Buyer: David and Jane Rappeport
Sale Date: July 14
Address: Fort Smith
Description: Residential-home

Transaction amount: $800,000
Seller: Zachary and Kimberly King
Buyer: Jory Johnson
Sale Date: July 3
Address: Fort Smith
Description: Residential-home

Transaction amount: $732,900
Seller: Terry Poling Revocable Trust and Mary Ann Poling Revocable Trust
Buyer: William Mangram and Sarah Deweese
Sale Date: July 7
Address: Fort Smith
Description: Residential-home

Transaction amount: $730,000
Seller: Peng and Hang Huang
Buyer: Sumanth Balguri
Sale Date: July 18
Address: Fort Smith
Description: Residential-home

Transaction amount: $715,000
Seller: Belle Pointe Capital LLC
Buyer: WKRT21 LLC
Sale Date: July 6
Address: 405 N. 22nd St., Fort Smith
Description: Commercial

Transaction amount: $552,000
Seller: Bryce and Tracy Van Kooten
Buyer: Dawn Rowe
Sale Date: July 7
Address: Fort Smith
Description: Residential-home

Transaction amount: $550,000
Seller: First National Bank of Fort Smith
Buyer: Gregory and Tammy Best
Sale Date: July 13
Address: Fort Smith
Description: Residential-home

Transaction amount: $536,250
Seller: Neal and Tiffany Sharum
Buyer: Paul and Jozia McGowan
Sale Date: July 10
Address: Greenwood
Description: Residential-home

Transaction amount: $465,000
Seller: Chris Hamrick Homes Inc.
Buyer: Mark Phillips and Cora Cagle
Sale Date: July 14
Address: Lavaca
Description: Residential-home