July 25th, 2012
Investment, Retail
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.
The sale closed July 24, 2012.
