Retail Investment Team Represents Local Investor in Trophy Power Center Sale for $43,500,000

Quail Springs Marketplace

SW/Corner of Memorial and Penn

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Allen Gann, a local energy and real estate investor, acquired Quail Springs Market Place located at the southwest corner of Memorial Road and Pennsylvania Avenue.  Located in the heart of Oklahoma City’s leading retail corridor, the 293,788 square foot power center situated on 28.53 acres sold for $43,500,000 or $148 per square foot.     A number of institutional investors are leaving the Oklahoma City retail market which is creating opportunities for local investors to buy trophy properties.    Quail Springs Marketplace is a prime example, last selling for $47.6 million in 2005.   The property is home to a number of leading retailers, both national and local, including Ross, Michaels, Ulta, Golf Galaxy, Akins and Metro Shoe Warehouse among others.  The Memorial Road Corridor is the bell cow of Oklahoma City retail; it leads the market both in the total retail square footage and in retail demand.  Price Edwards & Company Retail Investment Team consisting of Paul Ravencraft, Phillip Mazaheri and George Williams represented buyer in the transaction.  Chicago Title handled the closing and financing was provided by Midfirst Bank.

Retail Investment Team Lists Bank Owned Shopping Center in Moore, Oklahoma

Riverwalk Centre - Moore, Oklahoma

2712 S. Telephone Road, Moore, OK

2712 S. Telephone Road, Moore, OK

Property Website                                                               

  • Sale Price: Subject To Offer
  • Financials: Avaliable Upon Request
  • Lot Size: 8.56 Acres
  • Year Built: 2004
  • Building Size: 78,127
  • Market: Oklahoma City Metro
  • Submarket: Moore
  • Traffic Count: 109,400

Riverwalk Centre is a Community Shopping Center consisting of 78,127 square feet of retail with mixed small shop and big box stores. The property has major upside potential when leased-up with 13.59% of the property being occupied. Riverwalk is currently bank-owned with the property being marketed by The Retail Investment Team.

Retail Investment Team Lists Former Old Chicago in South OKC

Former Old Chicago South

2125 S.W. 74th Street, Oklahoma City, OK

2125 S.W. 74th Street, Oklahoma City, OK

Property Website                                                               

  • Asking Price:  $1,400,000
  • Price Per SF:  $253.76
  • Lot size:  .83 Acres
  • Renovated:  2008
  • Building Size:  5,517 SF
  • Submarket:  South Oklahoma City

The Former Old Chicago is located at 2125 S.W. 74th Street in Oklahoma City, Oklahoma. The property is situated on .8292 acres of land with 5,517 square feet. The property could have drive-thru access or be redeveloped as it currently sits, a sit down restaurant. Traffic counts on Interstate 240 boast over 92,000 cars per day with 23,197 cpd on Penn Ave. 

 

Retail Investment Team - JUST LISTED Former Joe's Crab Shack Restaurant in Oklahoma City

Former Joe's Crab Shack Now For Sale


5940 Northwest Expy, Oklahoma City, OK

Property Website                                                               

  • Asking Price:  $2,000,000
  • Price Per SF/Land:  $15.78/SF
  • Lot size:  2.91 Acres
  • Renovated:  1997
  • Building Size:  8,489 SF
  • Submarket:  Northwest Oklahoma City

The Former Joe's Crab Shack is located just off the south west corner of N.W. Expressway and MacArthur Blvd. The property is situated on 2.91 acres with 2.07 acres being usable. With multiple national retailers in the area, the property could be remodeled for restaurant use or a re-development opportunity. The restaurant consists of 8,489 square feet not including the patio with pond views on the west of the property. The N.W. Expressway is three lanes west and three lanes east, with a total of 46,332 cars per day.

 

Retail Investment Team - JUST LISTED Olympia Plaza - Retail Investment Property in Oklahoma City

Olympia Plaza- Retail Investment For Sale

7202-7212 West Hefner Road, Oklahoma City, OK

Property Website

  • Asking Price:  $2,475,000
  • Price Per SF:  $71.45
  • NOI:  $219,373
  • CAP:  8.86%
  • Building Size:  34,640 SF
  • Submarket:  Northwest Oklahoma City

Olympia Plaza is anchored by Dynamo Gymnastics and TRU YOU Fitness who occupies 72.5% of the center. The property is 100% leased located near Hefner and Rockwell, a booming retail intersection in northwest Oklahoma City. Olympia Plaza is surround by the following retailers: Crest Foods, MidFirst Bank, Jimmy's Egg, Great Clips, Deaconess Physicians, Walgreens, Subway, Taco Bell and Bank of Oklahoma.