Pediatrics Plus office building in Sherwood sells for $9.5 million
EMR Land Co. LLC, a limited liability company in Reno, Nev., and other investment groups bought the Pediatrics Plus location in Sherwood last month for $9.5 million.
Pediatrics Plus at 1540 Club Road, built last year, has almost 33,000 square feet of space. The building and 4.4 acres last appraised at $6.3 million.
Pediatrics Plus also has offices in Conway, Little Rock, Russellville and Frisco, Texas.
Pediatrics Plus provides specialized pediatric health care for its clients, including physical therapy, occupational therapy, a developmental preschool and services for autism, according to its website. From providing home health therapy for about a dozen families 15 years ago, Pediatrics Plus now works with 2,500 children with special needs.
The seller was Pediatrics Plus Real Estate Sherwood LLC.
EMR Land Co. and the JWDM Trust, with Judith Warde Davis Morrison as trustee, took out a $4.7 million mortgage with Bear State Bank in Little Rock to help finance the purchase. The loan matures in 10 years.
Joshua Thieriot signed the mortgage as manager of Javelin Enterprises LLC, an affiliate of Elk Mountain Holdings Co., which is an affiliate of EMR Land Co.
A spokesman for Pediatrics Plus did not return a phone call seeking comment.
SPLASH EXPRESS
Store Master Funding VII LLC of Scottsdale, Ariz., invested $4.4 million last month to buy the Splash Express 10 carwash at 14021 Cantrell Road.
Store Master took out a mortgage with New Yorkbased Citibank for $4.5 million to help with the financing. Michael Bennett, executive vice president and general counsel of Store Master Funding, signed the mortgage.
Other managers or officers of Store Master are Catherine Long, Kelly Lettmann and Christopher Volk.
The seller was Splash Express 10 LLC.
Store Master Funding has acquired real estate in central Arkansas since 2015, buying carwashes, medical offices and exercise facilities.