1000-1072 S Douglas Blvd
Oklahoma City, OK 73130

Sale Price: $1,600,000 Price / SF: $61.40 Cap Rate: 9.04% NOI: $146,477 Lot Size: 2.8 Acres Year Built: 1982 Building Size: 25,983 SF Zoning: Commercial Market: Oklahoma City Metro Submarket: Midwest City Village Oak Shopping Center is a 25,983 square foot neighborhood center, priced to sell. The center is 76% occupied with a stable rent roll including 75% of the tenants in the renewal periods. Village Oak is anchored by Lupe's Restaurant who has been at the center since 2006. The remainder of the tenants are thriving and seem to be stable. The center is price at $65.43 per square foot which is far below market pricing and replacement value. At only $1,600,000 this will open the door for many investors. The Subject property fronts on Douglas Boulevard and is approximately two thirds of a mile south Reno Avenue and one third mile north of 15th Street. I-40 and Tinker Air Force Base are both located less than two miles south of Village Oak Shopping Center.