Poultry Property Near Lincoln Has New Owner for $2.1 Million (Real Deals)

A 20-acre property in rural Washington County tipped the scales at $2.1 million.

Ming Dat Ngo and his wife, Trang Thi Diem Truong, paid for the poultry property on Rock Springs Road north of Lincoln.

Chau Van Tran was the seller.

The deal was funded with a 12-year, $1.68 million mortgage held by Arvest Bank-Siloam Springs.

Tran acquired the property in April 2008 for $2.24 million. It includes a 1,385-SF, single-story house constructed in 2002 and 20 poultry houses (each 43X500).

Cobblestone Activity

Mark Marquess, through his Riverwood Homes LLC, recently purchased seven building permits for single-family homes valued at a combined $1.04 million.

Six of those are for homes in the Cobblestone Crossing subdivision in west Fayetteville northeast of Holcomb Elementary School.

The homes are at 3038, 3090 and 3112 N. Verona Lane, 2977 W. Miramar Dr., 3163 Raven Lane and 3029 Azure Ave.

The pre-sold homes range from 1,330 SF to 2,000 SF, and are listed from $104 to $108 per SF.

POA dues in Cobblestone are $100 per year.

Linda Marquess with the Fayetteville office of Crye-Leike Realtors is the exclusive listing agent.

Harrison-based First Federal Bank is providing the financing.

Amenities on the three-bedroom homes include full brick exteriors, covered patios, wooden privacy fences, fully landscaped yards, and granite countertops in the kitchen and bath.

Riverwood’s other home is in the Sunbridge Villas subdivision at 2622 N. Sierra Ave. The subdivision is between Sunbridge Drive and East Drake Street, west of College Avenue.

Preschool Purchase

Allen Mazzanti and Natalie Green, through their Natallen Holdings LLC entity, purchased the 7,310-SF building at 88 W. Joyce Blvd. in Fayetteville from Kevin Lynn Shipp for $973,000.

The deal was funded by a five-year mortgage worth $976,000 held by Liberty Bank of Arkansas.

The building, known as Learning Ladder Preschool Academy, is in the CMN Business Park II, Phase I. The building was constructed in 2006.

Shipp, through his Rolvek LLC, acquired the property from Dixie Management and Investment LP for $910,000 in February 2008.

Dixie purchased the lot in 2005 for $445,000. The building appraised in 2010 for $897,350.

Submit tips about lease activity, construction, transactions or upcoming projects valued at $300,000 or more to Paul Gatling at [email protected]. Please write ‘Real Deals’ in the subject line.