A 19,208-SF office building just off Joyce Boulevard in Fayetteville has sold for $3.3 million, a purchase price of $171.80 per SF.
Building Equity LLC, led by Greg and Allissa Sims, bought the property at 1280 E. Stearns St.
Harold E. Crye, trustee of the Harold E. Crye Revocable Living Trust, was the seller.
United Bank of Springdale backed the purchase with a mortgage of $3.85 million.
City Title & Closing LLC of Fayetteville was the title agent.
Crye acquired the land, about a half-acre, in November 2006 from Tracy Hoskins for $1.03 million. The building was built in 2008.
The building is currently 61 percent occupied by two tenants — Crye-Leike Real Estate and Prime Title Co. The remaining space is being remodeled as the new headquarters of Fayetteville firm Sims & Renner... [ MORE ]