Skip to main content Skip to footer

Rogers office building purchase registers $6 million

alt=""
By Wade Smith, Tom Rystrom and Megan Murdock

A fully-leased Class B office building in the Metro Park complex west of Interstate 49 in Rogers has a new owner after a $6 million sale.

12M Commercial Properties, led by Oklahoma investor Raymond Merrill, bought the 28,480-square-foot building at 600 S. 52nd St. The purchase price equals $210.67 per square foot. Rogers Coliseum 52 Street LLC, a Delaware-registered entity whose members include Michael Sachs, was the seller

Paragould-based First National Bank provided financing with a five-year loan worth $5.1 million.

Wade Smith and Tom Rystrom with Colliers International in Rogers represented the buyer. Marshall Saviers and Matt Imhoff with Cushman & Wakefield/Sage Partners in Rogers represented the seller.

To read the full article click HERE.

Related Experts
Wade Smith | Colliers | Rogers

Wade Smith

Brokerage

Rogers

+1 479 845 1518
+1 214 924 1605
Email

Wade Smith has more than 15 years of commercial real estate experience in both Dallas, Texas and Northwest Arkansas.  A native of Arkansas, he moved back to Arkansas to join the Colliers | Arkansas office of NWA in 2016 after previously working with Colliers International in Dallas, TX since 2011.  During his time at Colliers, he has specialized in Industrial and Office leasing and sales.  Additionally, his focus has been in the Retail, Multi-Family and Land sectors of commercial real estate.

 

View expert
Tom Rystrom | Colliers | Rogers

Tom Rystrom

Broker

Rogers

Email

Tom Rystrom speacializes in Investment Brokerage and  assists clients in finding beneficial property assets and portfolios. Tom coordinates exchanges of ownership, drafts legal documents, contracts and negotiates between buyers and sellers. 

View expert
Megan Murdock | Colliers | Rogers

Megan Murdock

Principal

Rogers

+1 479 636 9000
+01 479 802 8006
Email

Megan Murdock is an Executive Portfolio Manager and Principal at Colliers | Arkansas.  Megan joined the firm in September of 2014 as Property Manager after relocating from North Carolina where she specialized in the multi-family industry. She is now an Executive Portfolio Manager becoming a Principal with the firm in 2023.   She oversees the Northwest Arkansas commercial management portfolio of over 2 million square feet including a mix industrial, medical office, retail and office space. 

 

View expert