PEC ANNOUNCES SALE OF LENDER OWNED PROPERTY

  Price: $850,000

 CAP Rate on Actuals: 8.5%

 Address: 425 East State Highway 152, Mustang, OK

 Building Size: 7,754 Sq ft

 Undeveloped Lots: 29,686 Sq ft

 Price Edwards & Company is pleased to announce the sale of The Plaza at Pebble Creek; a retail center located on Mustang's busy highway 152, just east of the Pebble Creek golf course. The center consists of two buildings and  four undeveloped lots.  The property sold for $850,000 to NIC 1, LLC, an Oklahoma Limited Liability Company, and the seller was Spirit Bank. Paul Ravencraft and Phillip Mazaheri, Retail Investment Specialists in Price Edwards & Company's Investment Division, acted as transaction brokers.