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5106 South Pinnacle Hills P...

Praedium Bentonville Acquires Rogers Office Building For $4.68M
SOLDOffice

Praedium Bentonville Acquires Rogers Office Building For $4.68M

5106 South Pinnacle Hills Parkway

$4,680,000

$303/SF

Building Size

15,400 SF

Asset Type

Office

Closing

Oct 27, 2023

AI

A commercial construction in Rogers' Pinnacle Hills area has been recently sold for a total amount of $4.68 million. The property, located at 5106 South Pinnacle Hills Parkway, spans an area of 1.44 acres. With a total square footage of 15,400, the transaction resulted in a price per square foot of $304.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,680,000
  • Address: 5106 South Pinnacle Hills Parkway
  • Market: Rogers, AR
  • Acres: 1.44
  • Square Footage: 15,400
  • Price per Square Foot: $304

Praedium Bentonville LLC acted as the buyer in this transaction, while BCG Pinnacle Hills 4 LLC served as the seller. Johnny Galloway, representing Cushman & Wakefield, facilitated the deal as the buyer's representative. Clinton Bennett, from Bennett Commercial Real Estate, acted as the seller's representative.

Players

Clinton Bennett

Bennett Commercial Real Estate

Broker

$17.4M

vol

2 deals

Broker

Rogers Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.39%

Cash-on-Cash

-0.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93