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Last updated on Thursday, August 14, 2014, 1:24 pm

California Investors Take Rogers Retail Center For $3.3M

A 17,850-SF retail center near a Walmart Supercenter in Rogers recently sold for $3.3 million. Joe and Leslie Berman of Encino, California, trustees of the Berman Family Trust, bought the development at 2212 W. Walnut St. NO-W-ARK LLC of Missouri, led by Jud Heflin, was the seller. Chambers Bank of Danville provided financing with a seven-year mortgage of $3.32 million. Steve Fineberg of Steve Fineberg & Associates Inc. of Bentonville was the listing broker. Jordan Jeter with Flake & Kelley Commercial Northwest of Springdale represented the buyer. City Title & Closing LLC of Fayetteville was the closing agent. The single-story building was built in 2003 on 1.65 acres and appraised in 2012 for $1.3 million. Heflin bought the land in November 2002 for $625,000. The retail center is... [ MORE ]

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