GBT Realty Corp Sells Retail Property In Bartlesville, OK For $15.3M
Southeast Adams Boulevard, Bartlesville, Oklahoma 74006, United States
$15,300,000
$174/SF
Building Size
87,750 SF
Asset Type
Retail
Closing
Sep 12, 2022
AI
The retail property located at 2687 SE Adams Blvd in Bartlesville, OK has been sold. The property, measuring 87,750 square feet, was sold by GBT Realty Corp. The deal was facilitated by brokers Margaret Caldwell and Patrick Kelley from Stan Johnson Co. The sale price for the property was $15,300,000, resulting in a price per square foot of $174.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $15,300,000
- Address: 2687 SE Adams Blvd, Bartlesville, OK
- Square Footage: 87,750 SF
- Market: Bartlesville, OK
- Seller: GBT Realty Corp
- Brokers: Margaret Caldwell & Patrick Kelley - Stan Johnson Co
- Price per Square Foot: $174
The transaction involved the collaboration of GBT Realty Corp as the seller and Margaret Caldwell and Patrick Kelley from Stan Johnson Co as the brokers facilitating the deal.
Players
Bartlesville 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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93