A Maumelle retail strip mall has sold today (Sept. 25) in a $950,000 transaction. Crystal Center was sold to Bui Property of Little Rock by Regal Properties, LLC.
The Crystal Center Property, located at 13501-13541 Crystal Hill Rd. in Maumelle, is a shadow center for a nearby Walmart. The property, which measures 11,248 square feet, features multiple current tenants, including a SuperCuts, Taqueria Azteca Mexican restaurant and a F45 Training finess center.
According to the Arkansas Secretary of State’s website, Bui Property of Little Rock is a limited liability company that was incorporated Sept. 9, 2019. The registered agent and one of the company officers is Tanchuc Bui; the other officer/incorporator is Hanh Nguyen.
Eugenia Williams of Gold Star Realty represented the buyer, while Todd Rice and Casi Runnells of Colliers International | Arkansas represented the seller. Colliers International will remain the leasing and management agent for the property.
The property sold for $950,000. The online listing for the property valued the location at $1,250,000.
According to a listing on CREXi, the Crystal Center property was built in 2015. The CREXI listing estimates the square footage value at $103.88 per square foot.
“Crystal Center is a great buy for its new owners,” Rice said. “Its close proximity to Walmart makes it a convenient stop for residents. It will also benefit greatly from the new Maumelle entrance from I-40 which will drive regional traffic from the interstate to directly in front of the property.”
Top image courtesy of Colliers International