The recent sale of a 19,960-SF medical office building in Rogers topped the $5 million mark — and illustrated the growing popularity of the medical office niche.
BH Everglory LLC, a company owned by Schmelzle & Associates Inc. in Rogers, sold the Boozman-Hof Regional Eye Clinic at 3737 W. Walnut St. for $5.2 million.
John Schmelzle is the managing partner of Schmelzle & Associates, which acquired the property in April 2012 for $4 million.
An Arizona-based public REIT, Spirit Realty Capital of Scottsdale, is the new owner of the 4.12-acre development.
The SRC made the purchase in the name of an entity called Spirit Master Funding LLC. The building wasn’t listed for sale and the offer was unsolicited.
SRC investment portfolio, according to its website, exceeds $7 billion... [ MORE ]