Real Deals: Church buys Centerton land, building for $3.15 million
by August 16, 2019 9:48 am 2,843 views
A 45-acre commercial development just west of Bentonville recently sold for $3.15 million.
The Arkansas Conference of the United Methodist Church bought the property at 11301 Highway 72 West in Centerton. Joe and Lori O’Connor of California were the sellers.
Simmons Bank in Little Rock arranged the financing with a five-year loan of $3.15 million.
Steve Lane with Colliers International in Rogers represented the seller. Paul Esterer and Josh Singleterry of Newmark Moses Tucker Partners in Rogers represented the buyer. City Title & Closing of Fayetteville was the title agent.
Colliers originally listed the property in the fall of 2017 for $5.1 million. O’Connor paid $901,000 for the land in 2003, then developed it as the headquarters for a soccer club called Ingram Futbol Club. There is a 12,600-square-foot building on the property, but the bulk of it is made up of six soccer fields most recently used by a player development soccer club called Sporting Arkansas, an affiliate of the Major League Soccer team Sporting Kansas City.
The church plans to occupy the 12,600-square-foot building and establish a new faith community called The Vine of NWA. The property has frontage on Arkansas Highway 72 across from the upscale Talamore/OakTree neighborhoods and is two miles from Bentonville West High School.
Church officials say they will encourage the use of the fields for sports activities and other neighborhood gatherings.
“This purchase was the perfect fit for not only the buyer but for the community as well,” Lane said. “The soccer fields have been a central gathering place for families over the years and the community has expressed the importance of keeping it that way.”
112 LAND
A land deal near the Bentonville Community Center tipped the scales at $1.88 million. H Street Partners LLC, registered to Fayetteville attorney K.C. Dupps Tucker, bought two parcels totaling 44.5 acres. The land is west of Arkansas Highway 112 and north of the Lochmoor Club neighborhood.
The Madeline Rush Revocable Trust sold the property. City Title & Closing of Fayetteville was the title agent. Tucker did not disclose development plans. The property includes a 1,536-square-foot residence built in 1966.
NORTH GULLEY PROPERTY
A 20-acre residential property in east Fayetteville is off the market after an all-cash purchase of $1 million.
Cynthia Schwarz bought the 7,122-square-foot home on North Gulley Road from Susan and Anthony Hui. City Title & Closing of Fayetteville was the title agent. T.J. Mohler with Collier & Associates in Fayetteville was the listing agent. Melanie Gabel with Lindsey & Associates in Fayetteville was the selling agent.
A guest house and saltwater pool are also on the property.
HAVENWOOD HOME
A 4,991-square-foot custom home built in 2018 in east Fayetteville’s Havenwood subdivision is off the market after a sale worth $840,000. The purchase price equals $168.30 per square foot.
Ron and Abby Novak bought the 1.21-acre property on Lubbock Lane, south of Arkansas Highway 45 (Mission Boulevard). Mark Zweig Inc. of Fayetteville was the seller.
Dale Carlton Jr. of Fayetteville was the listing agent. Lenders Title Co. of Fayetteville was the title agent. Bank OZK and Firstar Bank provided financing.
Zweig paid $150,000 for the lot in June 2017. ESDG LLC, managed by Blake Jorgensen and Justin Jorgensen, was the seller.