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Last updated on Friday, May 24, 2013, 9:41 amArizona REIT Gives $3M For Bentonville Kum & Go
A 4,958-SF gas station and convenience store development in Bentonville has a new owner after a $3.05 million transaction. Cole Real Estate Investments of Phoenix through its Cole KG Bentonville (Central) AR LLC, bought the Kum & Go at 2811 E. Central Ave. BRB Oil II LLC of Iowa City, Iowa, was the seller. The building was built in 2010, and is leased through 2030. The 2.07-acre location was acquired in August 2010 for $900,000 in a deal with Mor-Wise Investments LLC, led by Jeffrey Wisener. The property appraised in 2012 for $1.51 million. Premier Purchase A bank-owned medical office development in Bentonville recently sold in a $1.95 million deal. Premier Concepts LLC of Bentonville, led by Darren Horton, bought the Bentonville Professional Center at 2701 S.E. J St. at the intersection... [ MORE ]-
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