This Retail Property is Off-Market.

2230 North MacArthur Boulevard
Oklahoma City, OK 73127 ·

60,472 SF · Retail For Sale

N/A

Print

MacArthur Park Shopping Center

Price N/A Occupancy 98%
Gross Leasable Area 60,472 SF No. Stories 2
Property Type Retail Tenancy Multiple
Property Sub-type
Neighborhood Center
More...
  • Office Building
Year Built 1974
Property Use Type Investment Lot Size 5 AC
Cap Rate 6%
Listing ID: 14698955 Date Created: 07/11/2006 Last Updated: 07/09/2008

Description

This amazing value-added opportunity is a 60,472 square foot mixed use commercial property sitting on 5.0 acres of land on the highly trafficked Southeast corner of N.W. 23rd Street and MacArthur Boulevard in Oklahoma City. Directly west of MacArthur Park is a large new WAL MART NEIGHBORHOOD GROCERY STORE. The traffic counts are great at this corner and the investment while only renting at an average of $5.24 per foot currently, has a strong upside where rents could easily exceed $8 to $10 per foot with the right investor owner. All tenants have separately metered utilities. Landscaping is sparse with little to no expense. Over 35,000 s.f. of the total 60,472 s.f. center consists of a 2 story building. The bottom floor of the building is fully leased to a night club/restaurant and the top floor is fully leased as offices to a management company. Good diverse mix of tenants.

Oklahoma City is ranked number 38 out of the top 100 fastest growing cities in the U.S. based on the 2000 U.S. Census. In addition to being the state capital,Oklahoma City is the largest city in Oklahoma with a total population of around 600,000 and a land area of 621 square miles. Oklahoma City is home to Chesapeake Energy and Devon Energy, tow of the largest independent natural gas producers in the Country. The city is in a renaissance period and is undergoing significant growth. Oklahoma City has enjoyed great success as the current home of the NBA Hornets and home to the Oklahoma Redhawks, the AAA affiliate of the Texas Rangers baseball team. Major public projects completed in the last 8 years in Oklahoma City exceed $300 million in costs. The subject property is directly across the street from a new Wal Mart Neighborhood Grocery Store, a Carl's Jr. restaurant and a Blockbuster Video Store.

Highlights

  • New Wal Mart Grocery Store directly west of center
  • Great Corner Location on N.W. 23rd and MacArthur
  • Priced way below Replacement Cost
  • Tremendous Value-Added Opportunity
  • Low Maintenance & Little Landscaping
  • Easy access to major highways I-40 and I-44

Research

2230 North MacArthur Boulevard, Oklahoma City, OK 73127 (Oklahoma County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Oklahoma City Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)