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2950 South Fitzroy Place
SOLD

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

2950 South Fitzroy Place

MultiFamily
314,000 SF
clock iconSold 331 days ago
Andrew Brown
Craig Hey
Martin Bynum
+ 2
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Summary

Sale
ARKANSAS
MultiFamily
314,000 sqft

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.

Players

  • All

    5

  • Agents

    4

  • Agencies

    1

Andrew Brown's profile picture
Andrew Brown
Cushman & Wakefield-image
Director
$310.2M Sold
Craig Hey's profile picture
Martin Bynum's profile picture
Cole Herge's profile picture
$63.3M Sold

Details

Deal Summary
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SOLD
IMAGE: Andrew Brown, Cole Herget, Craig Hey, Martin Bynum & Brandon Huffman DATE: 08/24/2023 ADDRESS: 2950 South Fitzroy Place MARKET: Rogers, AR ASSET TYPE: Multifamily ~ ACRES: 13.19 BUYER: Lurin SELLER: Affiliate of Huffman & Co - Brandon Huffman BROKERS: Andrew Brown, Cole Herget, Craig Hey & Martin Bynum - Cushman & Wakefield SALE PRICE: $63,250,000 UNITS: 250 ~ PPU: $253,000 SF: 314,000 ~ PPSF: $201 NOTE: A luxury apartment complex in Rogers consisting of 250 units, located east of Interstate 49, has been sold for $63.25 million, amounting to $253,000 per unit.

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Address2950 South Fitzroy Place

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