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
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