An industrial property located at 1401 Murphy Drive in Maumelle sold for $8,729,294 on Oct. 20.
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.
Since then, the value has appreciated significantly, delivering an internal rate of return (IRR) exceeding 20%.
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.
“This sale represents a decades-long success story and is a testament to the resilience of the central Arkansas industrial market,” Monan said. “When the previous owners purchased this property in 2002, they recognized the long-term potential of this location and asset type. More than 20 years later, their foresight and disciplined ownership strategy have resulted in an outstanding return and a benchmark transaction for the Maumelle submarket.”