Residential, fire department facility top Sebastian County deals in December

by Talk Business & Politics staff ([email protected]) 452 views 

A residential property transaction in Fort Smith valued at $2.875 million was the top Sebastian County property deal in December. Purchase of a maintenance facility by the city of Fort Smith was the second largest transaction in December.

Kenneth and Diane King sold a home to 9221 Moody Road LLC, with the $2.875 million deal closing Dec. 14, according to info from the office of Sebastian County Assessor Zach Johnson.

The second largest December transaction in the county was the $1.65 million acquisition of property and facilities at 5601 Wheeler Road in Fort Smith by the City of Fort Smith. The seller was RFL Investments LP, and the deal closed Dec. 5.

According to the city, the property will be used as a maintenance facility for the Fort Smith Fire Department. The property includes two adjacent parcels totaling around 10.7 acres, and has a 10,000-square-foot building equipped with tall service bay doors and a high ceiling to support servicing large vehicles and equipment. The city also plans to use the surrounding land for equipment training and testing. Before buying the property, the fire department did not have a dedicated maintenance facility.

The top 10 Sebastian County property deals in December had a combined deal value of $8.877 million. The top 10 deals for each month in 2023 totaled $103.704 million.

The largest deal in 2023 was 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 planned 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 December transactions in Sebastian County, according to the Assessor’s office. The list is comprised from deed transfers that include the sale price.

DECEMBER SALES
Transaction amount: $2.875 million
Seller: Kenneth and Diane King
Buyer: 9221 Moody Road LLC
Sale Date: December 14
Address: Fort Smith
Description: Residential-home

Transaction amount: $1.65 million
Seller: RFL Investments LP
Buyer: City of Fort Smith
Sale Date: December 5
Address: 5601 Wheeler Ave., Fort Smith
Description: Commercial

Transaction amount: $755,000
Seller: Brooke and Charles Morris III
Buyer: Galen D. Hunter Living Trust
Sale Date: December 18
Address: Fort Smith
Description: Residential-home

Transaction amount: $710,000
Seller: Superior Warehouse LLC
Buyer: West Georgia Blueberry LLC
Sale Date: December 8
Address: 7015 U.S. 271 South, Fort Smith
Description: Commercial

Transaction amount: $527,000
Seller: Fianna Properties LLC
Buyer: Jess and Danielle Nichols
Sale Date: December 18
Address: Fort Smith
Description: Residential-home

Transaction amount: $520,000
Seller: Barnes Family Trust
Buyer: Ryan and Catrina Curtis
Sale Date: December 18
Address: Fort Smith
Description: Residential-home

Transaction amount: $490,000
Seller: Richard and Donna Whitsitt Revocable Trust
Buyer: Watkins Ouachita Real Estate LLC
Sale Date: December 8
Address: 6708 Phoenix Ave., Fort Smith
Description: Commercial

Transaction amount: $460,000
Seller: David and Janice Sudbrink
Buyer: Mario and Alice Cleves
Sale Date: December 15
Address: Fort Smith
Description: Residential-home

Transaction amount: $455,000
Seller: William and Patsy Fant
Buyer: Kayla Tucker and Steven Miller
Sale Date: December 12
Address: Greenwood
Description: Residential-home

Transaction amount: $435,000
Seller: Motion Industries Inc., and Allied Bearing Supply Co.
Buyer: Delassus Properties LLC
Sale Date: December 11
Address: 5515 S. 28th St., Fort Smith
Description: Commercial