May 26th, 2010
Multifamily
David Dirkschneider and Phillip Mazaheri brokered the sale of Falls Creek Apartments located at 7032 NW 16th Street in Oklahoma City.
Falls Creek is an 88 unit multifamily property located in northwest Oklahoma City.
Phillip represented the Buyer, Falls Creek LLC, who purchased the property for $990,000.
The Buyer has immediate plans to renovate and reposition the property and bring the currently low 50% occupancy up to a market average.
David represented the out of state owner, Arapahoe Limited VII, a Colorado Limited Partnership.
