Luxury Multifamily Complex In Rogers, AR Sold For $63.25M

A luxury apartment complex in Rogers, AR has been sold for $63.25 million. The property, located at 2950 South Fitzroy Place, consists of 250 units and spans over 13.19 acres. The multifamily asset offers a total of 314,000 square feet, with each unit averaging 1,256 square feet. The transaction resulted in a per unit price of $253,000 and a price per square foot of $201.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $63,250,000
• Address: 2950 South Fitzroy Place, Rogers, AR
• Market: Rogers, AR
• Acres: 13.19
• Units: 250
• Price per Unit: $253,000
• Square Footage: 314,000
• Price per Square Foot: $201

The sale was facilitated by Cushman & Wakefield, with brokers Andrew Brown, Cole Herget, Craig Hey, and Martin Bynum representing the buyer. Lurin acquired the property from an affiliate of Huffman & Co, with Brandon Huffman acting as the seller's representative. The luxury apartment complex, situated east of Interstate 49, offers a prime location for residents.

With this $63.25 million transaction, Lurin has expanded its portfolio with this high-value multifamily asset in Rogers, AR. The deal showcases the expertise of both the buyer's and seller's representatives, contributing to a successful transaction.