Roths Mud Puddle makes splash in Centerton (REAL DEALS)

by Paul Gatling (pgatling@nwabj.com) 148 views 

Roth Custom Homes of Bentonville, through its Mud Puddle Investments LLC, recently closed a $2.15 million land purchase for 15.28 acres in Centerton, a purchase price of $3.23 per SF.

LRRB Land Development LLC, led by Kevin Riggins and D. Eric Covington, was the seller.

First Western Bank in Rogers provided financing with a mortgage of $2.15 million.

Waco Title Co. of Springdale was the title agent.

The property has been subdivided into 41 residential lots and is Phase I of the Quail Hollow neighborhood. The site is east of the Quail Ridge subdivision off Greenhouse Road.

 

California Claim

A 3,224-SF retail store west of Interstate 49 in Fayetteville recently sold for $1.36 million, a purchase price of $422.14 per SF.

Davidson Properties Holdings LLC of California, led by Jerry and Kathleen Davidson, bought the free-standing building at 2804 W. Martin Luther King Blvd.

ARFAY MLK LLC of Fort Smith, managed by Scott McLain, was the seller.

Wells Fargo Bank N.A. in Concord, California, provided financing with a 10-year mortgage of $885,000.

City Title & Closing LLC of Fayetteville was the title agent.

The single-story building was constructed in 2015 and is being used as a net lease investment with nine years left on the lease with the tenant, AT&T. The cap rate is 6.10 percent.

ARFAY bought the 0.48-acre lot in October 2014 for $250,000. First Asset Holdings LLC, which lists R. Ray Fulmer II as registered agent, was the seller.

 

Pinnacle Pointe Property

A 27,878-SF office building in Phase II of Rogers’ Pinnacle Pointe addition has a new owner after a recent sale worth $1.32 million.

5507 West Walsh Lane LLC, led by Jeff Johnson of Little Rock, bought the building at the same address.

Limestone Properties LLC, managed by Samuel and Vicci Hiller, was the seller.

BancorpSouth Bank in Little Rock provided financing with a 10-year, $1.06 million mortgage.

The two-story building was built in 2002 and appraised this year for $1.37 million.

The property has a cap rate of 6.81 percent and is 78 percent occupied by multiple tenants, including Taylor Farms, AdvancedPierre and Prestige Brands.

Amy Mills with Steve Fineberg & Associates of Bentonville had the listing.

 

Dickson Deal

A 3,413-SF commercial building at the corner of Rollston Avenue and Dickson Street in downtown Fayetteville has sold for $1.3 million, a purchase price of $380.89 per SF.

Monroe North Point LLC and Hammer Holdings LLC are the new owners of the building at 300-306 W. Dickson St. 

Peter Steinhart and Nancy Meyer, through their South Seas Events LLC, were the sellers.

Public records indicate John Davidson is the manager of Hammer Holdings and Steve and Nicole Fowler are members of Monroe North Point.

The property was listed and sold by Jeff Pederson with Lindsey & Associates Inc. of Fayetteville. Monroe North Point (87.5 percent) and Hammer Holdings (12.5 percent) are listed as tenants in common, according to property records.

The building’s most recent tenant was San Lio restaurant. Previous tenants were also restaurants — Aquafire Restaurant and Bistro and 1936 Club.

The building was built in 1940, according to county records, and last sold to Steinhart in 2003 for $375,000.

 

Hunt Holdings

J.B. Hunt Transport Services Inc. of Lowell has acquired two undeveloped lots totaling 16.56 acres for $1.25 million, a purchase price of $1.73 per SF.

NWA #1 LLC, which lists Ron Maines as managing member, was the seller.

Waco Title Co. of Springdale was the title agent.

The two lots, situated in the Commerce Center addition due east of the J.B. Hunt headquarters, are bisected by J.B. Hunt Corporate Drive.

The land appraised earlier this year for a combined $1.59 million.

 

Copper Creek Abode

A 6,800-SF home in Phase II of Fayetteville’s Copper Creek neighborhood recently drew a $1.25 million sale, a purchase price of $183.82 per SF.

Tanya L. Hayes, trustee of the Great East Revocable Trust of Illinois, is the new owner of the four-bedroom residence on North Maple Grove Drive.

Travis and Sarah Ruff were the sellers.

City Title & Closing LLC of Fayetteville was the title agent.

Keith Dixon with Crye-Leike Realtors in Bentonville was the listing agent.

The home was built on 1.1 acres in 2006. Ruff acquired the land in 2005 in separate acquisitions totaling $208,000.

 

Candlewood Claim

A 5,392-SF home in Fayetteville’s Candlewood neighborhood has a new owner after a sale worth $800,000, a purchase price of $148.36 per SF.

Curt and Katherine Calaway bought the North Candlewood Drive residence from Mark Zweig and Katie Zweig.

Morgan Stanley Private Bank N.A. in New Jersey provided financing with a 30-year mortgage of $640,000.

Dale Carlton Jr. of Carlton Realty in Fayetteville represented the seller.

Lenders Title Co. of Fayetteville was the title agent.

Mark Zweig Inc. acquired the four-bedroom home in August 2012 for $725,000. Kirk and Sue Stone were the sellers.

 

Estate Home

A 4,989-SF estate home on Phase II of east Fayetteville’s Robinwood Estates neighborhood has sold for $650,000, a purchase price of $130.28 per SF.

Steven and Kristin Litzinger bought the Timberglen Lane residence from James and Kelly Johnson.

Drew Davis with Bassett Mix & Associates of Fayetteville was the listing agent.

Waco Title Co. of Springdale was the title agent.

The five-bedroom home was built on 1.76 acres in 2002.

Johnson acquired the property in July 2010 for $515,000. Neil and Carolyn Schmitt were the sellers.

 

Central Expansion

A parking expansion is in the works following a recent purchase of a two buildings totaling 17,160 SF for $625,500.

Central States Manufacturing Inc. of Lowell bought the vacant warehouse adjacent to its headquarters on Jane Place.

Woodbrook Enterprises Inc., led by Paul Moore, was the seller.

Waco Title Co. of Springdale was the title agent.

CSM plans to raze the existing buildings — a 16,200-SF warehouse and 960-SF office building — and develop the 3-acre lot as a parking lot for its employees.  

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