Price Edwards & Company is pleased to announce the sale of Chase Plaza Shopping Center, prime real estate in the heart of the Memorial Corridor.
Chase Plaza is located in the center of the Memorial Corridor near the north west corner of Portland and Memorial Road in Oklahoma City, Oklahoma. The 163,311 square foot center has approximately 1,040 feet of frontage on Memorial Road and 925 feet of frontage on north Portland Avenue. Chase Plaza has a tenant mix of the following: Mercy Health Care, Oklahoma Heart Hospital, A La Mode and Ameribanc. Paul Ravencraft and Phillip Mazaheri, Retail Investment Team Specialists with Price Edwards & Company, handled the transaction.
Price: $15,000,000
Price / SF: $91.85
Improvement SF: 163,311
Land Size: 18.87 +/- acres
Buyer: Chase Plaza, LLC
Seller: Irmas Rock COD LLC and Gold Rock COD LLC
Closing Date: April 2nd, 2014
