Investors Showing Interest in Bentonville Office Niche

by Paul Gatling  on Friday, Nov. 9, 2012 9:06 am  

The property, listed with Bill McClard, a CCIM with Lindsey & Associates in Rogers, has an asking price of $5.2 million — reduced from $6.7 million. It consists of eight buildings and about 130,000 SF.

The development appraised in 2011 for $5.9 million. It’s owned by NHC founder Dwain Newman, through his The Newman Family LLC, and currently has one tenant, operating through a lease agreement.

New Life Christian Center renovated one of the buildings earlier this year, and holds services there twice on Sundays and Wednesdays.

“Across the board, economic factors are making for some attractive buys,” Ligon said. “And Bentonville is a unique market that is having a lot of interest right now.”

 

 

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