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Praedium Bentonville Acquires Rogers Office Building For $4.68M

Property Image
SOLD
$4,680,000
Clinton Bennett
Johnny Galloway

Arkansas

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Office15,400 SF
Sold 10/27/2023
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Property Image
SOLD

Praedium Bentonville Acquires Rogers Office Building For $4.68M

5106 South Pinnacle Hills Parkway

See Similar Deals
Office15,400 SF
Sold 10/27/2023
Clinton Bennett
Johnny Galloway
the dealplayerscompscontact
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Summary

ARKANSAS
Asset Type:Office
Price Per Square Foot:$303
Total Square Footage:15,400 SF
Transaction Type:Sale

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
Clinton Bennett
2 deals$17.4M volume
BROKER
Johnny Galloway
Cushman & Wakefield
Johnny Galloway
1 deal$4.7M volume(479) 845-3000
BROKER

Details

SOLD
IMAGE: Johnny Galloway & Clinton Bennett DATE: 10/27/2023 ADDRESS: 5106 South Pinnacle Hills Parkway MARKET: Rogers, AR ASSET TYPE: Office ~ ACRES: 1.44 BUYER: Praedium Bentonville LLC SELLER: BCG Pinnacle Hills 4 LLC BUYER'S REP: Johnny Galloway - Cushman & Wakefield SELLER'S REP: Clinton Bennett - Bennett Commercial Real Estate SALE PRICE: $4,680,000 SF: 15,400 ~ PPSF: $304 NOTE: A recently completed commercial construction in Rogers' Pinnacle Hills area was sold for $4.68 million, amounting to $304 per square foot.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,627.05
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