FAYETTEVILLE — The operator of the Kappa Alpha fraternity residence developed on University of Arkansas-owned land is promoting an “money stream” for sale to investors at an $8.56 million asking price.
Developed in 2016, the household belongs to KAAO Inc., university spokesman Mark Hurrying explained. It really is under no circumstances been assessed for taxation, according to the Washington County assessor’s place of work.
An investor would obtain what is called the leasehold desire and receive an annual “net running income” starting off at $492,275, in accordance to an on the net advertisement with a submitting day of June 8.