The Kohler Building
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kohler meeting

On July 16th, 2017, the Fellowship Bible Church Board of Elders met with the body to discuss a status update on the possibility of purchasing the Kohler Building on Beebe-Capps Expressway in Searcy, AR.  Topics discussed included, but were not limited to, the following:

  • Environmental Study
  • Zoning
  • Contact Negotiations
  • The Sale of our Land on Main Street
  • Best Case Scenarios
  • And more...

Click on the link below to hear a recording of the meeting.

Kohler Building Update - July 2017

kohler

The Kohler Building on Beebe Capps has come available to us in a lease (interest free) to own with a purchase price of $1.5 million over 10 years ($7.50/sq ft).  The Kohler Building is on 12 acres as opposed to our current land, which is 8 acres (which results in a 50% increase).

100% of the money paid would go to paying down the loan and we would have total control of the building with the right to make any improvements to fit our needs.

To build out the Kohler Building would require $2.4 million (30,000 sq ft @ $80/sq ft).  This would require us to raise approximately 1.2 million from the body as opposed to approximately $3.8 million to be in the same square footage on our current land.  (If we borrowed $950,000 then we need to raise $2.85 million.)

Current assets are roughly $1.4 million ($700,000 in the bank, $500,000 to $700,000 sale value of land).

We are asking you to prayerfully consider this option and give us your input.  Please reach out to the elders who's numbers are on this page.  If you would like to hear the audio from our meeting, you can listen to it by clicking on the link below or a hard copy can be obtained at the office.

The Kohler Building

Sermon Podcast

Fellowship Bible Church Elder Board

Andrew Abraham
(501) 230-3300

Doug Grimes
(501) 606-0903

Jack London
(501) 207-2091

Tom Miller
(501) 944-4975

Scott Roussel
(501) 230-6080

Tim Weaver
(501) 230-8464

Get In Touch

  •   1921 W. Beebe-Capps Expressway
     Searcy, AR 72143
  •   501-279-9900
  •   This email address is being protected from spambots. You need JavaScript enabled to view it.
  •   Service Times:
     Sunday @ 9am or 10:45am