1410 Military Rd LLC Acquires Retail Property In Benton, AR For $9.34M

The retail property located at 1400-1418 Military Road in Benton, AR has been sold. The transaction took place on 05/22/2023. The property, spanning 78,870 square feet, was acquired by 1410 Military Rd LLC. The buyer purchased the property from Kirkpatrick Real Properties LLC for a total sale price of $9,340,000, resulting in a price per square foot of $118. Colliers represented both parties as the broker in this transaction.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $9,340,000
• Square Footage: 78,870
• Address: 1400-1418 Military Road, Benton, AR
• Market: Benton, AR
• Buyer: 1410 Military Rd LLC
• Seller: Kirkpatrick Real Properties LLC
• Broker: Colliers

This transaction exemplifies the active real estate market in Benton, AR. 1410 Military Rd LLC seized the opportunity to invest in this prime retail property at a competitive price of $118 per square foot. Colliers, a well-known brokerage firm, facilitated the deal between the buyer and seller, ensuring a smooth transaction for both parties.