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Rogers office building purchase registers $6 million

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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.

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Wade Smith

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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.

 

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Tom Rystrom

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