Oklahoma commercial real estate
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The American Farmers and Ranchers building, located at 800 N. Harvey Avenue in Oklahoma City, has been sold for $10 million.  The building was purchased by the OCU Law Building, LLC and will house the Oklahoma City University School of Law.  The sale is expected to bring in excess of 500 students and faculty members to the building.  Cordell Brown, CCIM, VP of Investment with Price Edwards & Company handled the transaction and American Eagle Title Insurance handled the closing.

Property Description

•  177,000 Square foot Class A Office Buildilng

•  Built in 1910, renovated in 1982

•  Located in the Midtown Submarket

 

Industrial Investment Properties Sold

Oklahoma Warehouse Center East Buildings

& 4345 SW 23rd Street

 Oklahoma City

4345 SW 23rd Street

4345 SW 23rd St.

 

Oklahoma Warehouse Center East

Oklahoma Warehouse Center, East Buildings; 5201 W. Reno Ave.

 

100% Occupied Buildings in OKC’s Premiere Industrial Area

Three fully leased industrial bulk warehouse buildings were sold by Bob Puckett with Price Edwards & Company’s Investment Sales Division. Two buildings, located at 5201 W. Reno Ave. in Oklahoma City, contain a total of 120,630 square feet and are occupied by four tenants. This development was built in 1969 and is half of a four-building complex.  The property sold to a 1031 tax free exchange Buyer from Kansas on October 11, 2012, for $2.9 million.

The third building, located at 4345 S.W. 23rd Street in Oklahoma City sold to the same buyer for $1.8 million. This facility is a single-tenant building occupied by XL Parts, an emerging regional leader in distribution of auto parts to mechanics and auto dealerships. This facility was constructed in 1998 and contains 51,200 square feet.

St. Anthony's Family Medicine Clinic

 

Price Edwards & Company is pleased to announce the sale of the Saints Family Health Center at 120 N. Chisholm Trail Way; a medical clinic located in the heart of Mustang, just off of Highway 152. The property sold for $1,294,000.00 to L. C. Ramseyer, LLC, an Oklahoma Limited Liability Company, and the seller was OK Empire Group, LLC.

Cordell Brown, CCIM, Office Investment Specialist in Price Edwards & Company’s Investment Division, handled the transaction.  The sale closed July 31, 2012.

 

Price Edwards & Company is pleased to announce the sale of three Starbucks leased properties located at 4755 S.E. 29th, Del City, OK; 1702 Muskogee Avenue, Tahlequah, OK; and Aspen Center at 2050 W. Kenosha Street, Broken Arrow, OK. These properties consist of 8,862 square feet.

 

Price: $2,000,000

CAP Rate on Actuals: 13.65%

Seller: Dawn-BV, LLC

Building Size Totals: 8,862 Sq ft

Closing Date: July 3, 2012

Sold In: 3 months from listing

 

Paul Ravencraft and Phillip Mazaheri, Retail Investment Specialists in Price Edwards & Company’s Investment Division, acted as transaction brokers.

 

 

New Prime Retail and Land Listings

Eight Screen Movie Theater For Sale

7400 S Pole Rd, Oklahoma City, OK

Photo of Crossroads Movie 8

VACANT 8 SCREEN MOVIE THEATER FOR SALE

Land Size: 5.991 Ac.
Building Size: 31,964 + sf
Sales Price: $960,000
Price/sf: $30.03

Pylon Sign Rental: $7,200/yr

GREAT OPPORTUNITY
Movies 8 at Crossroads is a great opportunity with all eight cinemas including all seating. This property would work well for university theater programs or an event and convention center.

Click here for more information

The Plaza at Pebble Creek For Sale

425-429 E Hwy 152, Mustang, OK

Photo of Plaza at Pebble Creek

MIXED RETAIL AND OFFICE IN A RAPIDLY GROWING SUBURB
Listing Price: $1,290,000
Total Building SF: 7,754
Year Built: 2008
Percentage Leased: 80%

2011 Taxes: $10,289

PROPERTY OVERVIEW

This great Retail Development Opportunity is located in the heart of Mustang, OK. The property also includes 4 pad sites suitable for retail or office use.

PROPERTY HIGHLIGHTS
Undeveloped Lots On Site
• Lot 1: 9,060 sf
• Lot 2: 5,001 sf
• Lot 3: 8,751 sf
• Lot 4: 6,874 sf
• Planning and Zoning approved for four more buildings on site

Click here for more information

2+ Acres of Development Land for Sale

I-35 & Highway 33 in Guthrie, OK

Aerial map of Guthrie Land

2.303 ACRES +

SALE PRICE: $420,000.00
• Fronts on I-35 Service Road
• Located in an expanding retail area
• Ideal for Commercial use

• Price/SF = $4.19

This development land is located in Guthrie’s expanding retail area, just off

of Interstate 35 at Highway 33. With many national and regional brands in the area of the property, including Sonic, Braum’s, Mazzio’s, Love’s, and Arby’s, this location would be great for a national fast food chain in need of Interstate 35 exposure and frontage.

Click here for more information

 

26 Acres of Development Land For Sale

W Memorial Rd & N Pennsylvania Ave, Oklahoma City, OK

Aerial map of Memorial and Penn land

26.19 ACRES IN THE RAPIDLY EXPANDING MEMORIAL CORRIDOR
LISTING PRICE: $5,133,000
• Over 1,000 feet of frontage on Memorial Rd.
• Neighboring developments include Quail Springs Mall, Sam’s Club, Wal-Mart,
Target, Hobby Lobby, and numerous other national tenants.
• Zoned C-2 (Community Commercial; Shopping center)
• Price/sf = $4.50
This is a great development opportunity for Multi-Family, Office, and/or
Retail use. Located just east of Pennsylvania Ave., one of the Memorial

Corridor’s busiest intersections.

This property is less than half a mile from Quail Springs Mall, one of
Oklahoma’s largest malls, with approximately 1,142,482 square feet of
retail.

Click here for more information

Excellent Restaurant Opportunity in Guthrie

2130 South Division Street, Guthrie, OK

2,894 SF RESTAURANT AVAILABLE FOR LEASE OR SALE
New fully equipped restaurant available in Guthrie’s main retail corridor

PROPERTY OVERVIEW

Sale price: $585,000.00

Lease rate: $16.00 psf NNN

17,382+ SQUARE FOOT PAD SITE AVAILABLE FOR SALE

Pad Site is adjacent to restaurant building
Sale Price: $189,000
Sale price/sf: $10.87 psf
RETAIL NEIGHBORS INCLUDE:
• Wal Mart Super Center
• Walgreen’s
• Aaron’s Rents
• Dollar General
• Supercuts
• Cato
• And Many More

Click here for more information

Commercial Land for Sale

 

Between Hefner Rd. & NE 122nd St. on I-35

5.25 AC. WITH 350+ FEET OF I-35 FRONTAGE

• Listing Price: $345,000.00
• Price/SF: $1.51
• Zoned AA/ I-1
• Bank Owned Land
• I-35 Exposure
This development land is located in Guthrie’s expanding retail area, just off of Interstate 35 at Highway 33. With many national and regional brands in the area of the property, including Sonic, Braum’s, Mazzio’s, Love’s, and Arby’s, this location would be great for a national fast food chain in need of Interstate 35 exposure and frontage.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. You and your legal and technical advisors should conduct a careful, independent investigation of the property to determine to your satisfaction to the suitability of the property for your needs.

 

Photo of Phillip Mazaheri

Phillip Mazaheri

Retail Specialist

  • Investment Sales
  • Retail Center Sales
  • Land Sales

Email pmazaheri@priceedwards.com

Phone (405) 843-7474

 

Photo of Paul Ravencraft

Paul Ravencraft

Retail Specialist

  • Investment Sales
  • Retail Center Sales
  • User Sales
  • Land Sales

Email pravencraft@priceedwards.com

Phone (405) 843-7474

 

 

 

PEC Releases Android App

March 23rd, 2012 | Posted by Marcie Price in Corporate - (0 Comments)

Price Edwards & Company announces the release of its own native Android application, now available in the Android App Market here. The product allows users, free of charge, to review property data on office buildings, shopping centers, industrial projects, and apartment communities across the Oklahoma City metro area. Information includes: lease rates, occupancy, sales history, performance relative to the market and other useful tools for property owners and investors. Price Edwards is the only firm to provide an app specific to the Oklahoma City commercial real estate market.

 

The Journal Record recently published an article about the release and Price Edwards technology in general.  You can read the article here.

Prominent I-240 Retail Available

March 20th, 2012 | Posted by Marcie Price in Retail - (0 Comments)

Photo of Walnut Square shopping center

Walnut Square
North side of I-240 & S Pennsylvania Ave, Oklahoma City, OK

Located at the northwest corner of South Pennsylvania and 74th Street, Walnut Square Shopping Center is highly visible from Interstate I-240, the east/west corridor of South Oklahoma City. National retail located along this five mile stretch includes Old Navy, Michael’s, Marshalls, Conn’s, Big Lots, Ross Dress For Less, Lane Bryant, Lowes, Home Depot, Super Wal-Mart, Burlington Coat Factory, PetsMart, Dollar Tree, as well as national restaurant chains such as Golden Corral, Pioneer Pies, Hooters, Old Chicago, Joe’s Crab Shack, and Outback. Several smaller retailers, office and service users have located in this corridor to establish their presence in the South Oklahoma City market.

Demographics
1 mile – Population: 16,376 – Average HH Income: $44,061
3 mile – Population: 103,704 – Average HH Income: $48,383
5 mile – Population: 189,304 – Average HH Income: $49,637

Traffic Counts
Pennsylvania – South: 25,600
I-240 – East: 103,758
I-240 – West: 80,100

Click here for more information

For more information, contact:
Susan Brinkley, sbrinkley@priceedwards.com
Ev Ernst, eernst@priceedwards.com
Laci Jackson, ljackson@priceedwards.com
Phone (405) 843-7474

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. You and your legal and technical advisors should conduct a careful, independent investigation of the property to determine to your satisfaction to the suitability of the property for your needs.

End Cap Available in Broken Arrow

March 14th, 2012 | Posted by Marcie Price in Retail - (0 Comments)

Aspen Center

Aspen Center
2050 W Kenosha, Broken Arrow, OK

Property Description
3,200 square foot space available, Suite 2050C
Intersection – Kenosha & Aspen
High visibility
Great access
Next to Starbucks and SuperCuts
State’s best demographics

Demographics
1 Mile – Population: 8,284 – Average HH Income: $77,348
3 Mile – Population: 58,852 – Average HH Income: $72,146
5 Mile – Population: 163,211 – Average HH Income: $69,893

Click here for more information

For more information, contact:
Ev Ernst, eernst@priceedwards.com
Laci Jackson, ljackson@priceedwards.com
Susan Brinkley, sbrinkley@priceedwards.com
Phone (405) 843-7474
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation about it. You and your legal and technical advisors should conduct a careful, independent investigation of the property to determine to your satisfaction to the suitability of the property for your needs.

Best Commercial Real Estate Company

February 27th, 2012 | Posted by Marcie Price in Corporate - (0 Comments)

Price Edwards & Company is pleased to announce it has been awarded the “Best Commercial Real Estate Company” title in okcBIZ’Best of Business 2012 list. Congratulations to all the Best of Business winners.

Click here to read the full article.

Busy NW OKC Retail Opportunity

February 15th, 2012 | Posted by Marcie Price in Retail - (0 Comments)

Photo of Mayfair Village

Mayfair Village
NW 50th St & N May Ave, Oklahoma City, OK

Mayfair Village Shopping Center has been a local shopping area in the heart of Oklahoma City for many years. This center has easy access and is ideally located for the destination shopper. Tenants include Michael’s, Steinmart, CVS Pharmacy, and many more.

Demographics
1 mile radius – Population: 12,391 – Average HH Income: $54,081
3 mile radius – Population: 101,194 – Average HH Income: $62,369
5 mile radius – Population: 219,985 – Average HH Income: $56,868

Traffic Counts
May Avenue – South: 26,566
May Avenue – North: 24,322
50th Street: 15,994

Click here for more information

For more information, contact:
Susan Brinkleysbrinkley@priceedwards.com
Ev Ernsteernst@priceedwards.com
Laci Jacksonljackson@priceedwards.com
Phone (405) 843-7474