Rubenstein Real Estate Co Sells Lakeview Pointe Shopping Center For $22.5M In Stillwater Oklahoma
1908 North Perkins Road & 2280 North Perkins Road
$22,500,000
$54/SF
Building Size
414,812 SF
Asset Type
Retail
Closing
Feb 20, 2026
AI
The property asset involved is the Lakeview Pointe Shopping Center located at 1908-2280 North Perkins Road in Stillwater, OK. The asset type is retail, encompassing a total square footage of 207,406. The sale occurred at a transaction price of $22,500,000, resulting in a price per square foot of $108.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $22,500,000
- Address: 1908-2280 North Perkins Road
- Market: Stillwater, OK
- Square Footage: 207,406
- Price Per Square Foot: $108
- Seller: Rubenstein Real Estate Co
- Buyer's Representative: Scott Taubin - The R.H. Johnson Company
- Seller's Representatives: Jeff Lefko & Bill Asher - Hanley Investment Group
The transaction was facilitated by Hanley Investment Group, showcasing the strength of junior-box-anchored retail, characterized by a solid tenant lineup and impressive regional consumer traffic.
Players
Stillwater Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93