Maumelle Warehouse Sold in $8.7 Million Transaction
An industrial property located at 1401 Murphy Drive in Maumelle sold for $8,729,294.
Nathan Monan of Colliers | Arkansas represented the seller, Maumelle Warehouse, LLC. The buyer, Gray Halligan 1 LLC, self-represented in the transaction.
The sellers originally acquired the 160,000-square-foot property in 2002, and since then, the value has appreciated significantly, delivering an internal rate of return (IRR) exceeding 20%.
This sale represents a decades-long success story and is a testament to the resilience of the central Arkansas industrial market.
The transaction underscores the continued strength and stability of the central Arkansas industrial submarket, driven by long-term tenant performance, limited supply, and sustained investor demand.
Author summary: Maumelle warehouse sold for $8.7 million.
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