A 24.78-acre commercial land sale along South Dixieland Street in Rogers tipped the scales at $4.35 million. The obtain value equals $4.03 per square foot.
Fayetteville household builder Brittenum Construction Co., by its Grove Multifamily LLC, purchased the land concerning South Dixieland and South Concord Street, north of Nice Grove Highway. Silver Grove LLC, managed by Chandler Rackley, was the seller.
Generations Lender of Rogers furnished financing with a $3.26 million personal loan. Realty Title & Closing Solutions of Springdale was the title agent.
The new proprietor is arranging to establish the land for a household use consisting of 123 one-family cottage homes, 92 townhomes, two mansion houses with 10 residential units every and 10 storage garage models.
A 10,058-sq.-foot industrial developing in Springdale has a new proprietor immediately after a $3.44 million sale.
Mt. Kina LLC, led by Kiet Thai, is the new owner of the solitary-tale building at 1636 S. 48th St. MP Springdale LLC, managed by Dave Godwin, was the vendor.
Arvest Bank furnished financing with a 10-year, $1.49 million bank loan.
Marketplace Grill is the building’s tenant. The cafe business enterprise marketed in December 2018 to Clean Plates Places to eat Inc. of Galveston, Texas, but the restaurant’s holding firm, Cafe Management Group, retained authentic estate ownership.
Godwin, who was the managing associate of Restaurant Management Team when the organization bought and is now a senior intermediary for Private Enterprise Intermediaries in Springdale, claimed no alterations are planned for the cafe.
“MarketPlace Grill will proceed as tenant and serve the cafe and catering requirements of Northwest Arkansas,” Godwin explained in a assertion.
OAK TREE Residence
A 5,711-sq.-foot residence in Centerton’s Oak Tree neighborhood transformed arms not long ago for $1.2 million. The obtain selling price equals $210.12 per sq. foot.
Michele and Joseph Adams purchased the Oak Tree Travel home from Moore and Tami Tappan.
Sirva House loan backed the offer with a 30-calendar year, $840,000 personal loan. Waco Title Co. of Springdale was the title agent.
Dana Proctor (buyer) and Sheryl Carman (vendor) with Coldwell Banker Harris McHaney Faucette brokered the offer.
The 4-bed room dwelling was developed in 2017. Tappan paid $1.05 million for the 2.11-acre house in February 2019. Jared and Brooke Neufer have been the sellers. Neufer purchased the large amount in February 2016 for $114,000. Oak Tree Associates LLC was the seller.
A vacant restaurant creating around Walmart distribution centers in Benton County is aspect of a 3.09-acre business acquisition valued at $675,000.
Magnolia Path LLC, managed by Gary Larson, compensated $425,000 for the 6,225-sq.-foot setting up at 5400 S.W. Regional Airport Blvd. in Bentonville’s Straub Business enterprise Park. The invest in value equals $108.43 for each square foot. In a independent offer, Magnolia Trail paid $250,000 for two adjacent heaps totaling 1.77 acres. The invest in rate equals $3.24 per sq. foot.
Rolin Park LLC, managed by John Selig, was the seller in both equally deals.
Searcy-based Very first Security Lender backed the deal with an $800,000 mortgage. Wade Smith with Colliers Arkansas in Rogers represented the vendor.
Green ACRES Seize
A 4,632-sq.-foot vacant place of work building in Fayetteville sold not too long ago for $600,000. The invest in selling price equals $129.53 per sq. foot.
TS Against the Grain Inc., led by Nicholas Jones, acquired the single-story making at 2039 Green Acres Road, just one block west of North Higher education Avenue. Bernhard TME LLC was the seller.
Signature Bank of Arkansas financed the offer with a 5-calendar year, $595,000 financial loan. Metropolis Title & Closing was the title agent. Alan Cole with Colliers Arkansas in Rogers represented the vendor and Trent Ward with Realty Ideas in Fayetteville represented the customer.
Bernhard, a Louisiana-primarily based engineering and contracting firm, not long ago relocated its Fayetteville place of work to the Commerce Enterprise Park at 3714 N. Enterprise Generate, in the vicinity of the Joyce Boulevard and Previous Missouri Highway intersection.
The corporation paid out $440,000 for the 1.32-acre house in April 2005.
True Promotions submissions: Post recommendations about lease action, development, transactions or upcoming projects valued at $300,000 or a lot more to Paul Gatling at [email protected]. Make sure you publish ‘Real Deals’ in the issue line.