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GBT Realty Corp Sells Retail Property In Bartlesville, OK For $15.3M

Property Image
SOLD
$15,300,000

Oklahoma

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Retail87,750 SF
Sold 09/13/2022
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Property Image
SOLD

GBT Realty Corp Sells Retail Property In Bartlesville, OK For $15.3M

Southeast Adams Boulevard, Bartlesville, Oklahoma 74006, United States

See Similar Deals
Retail87,750 SF
Sold 09/13/2022
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Summary

OKLAHOMA
Asset Type:Retail
Price Per Square Foot:$174
Total Square Footage:87,750 SF
Transaction Type:Sale

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

Margaret Caldwell
3 deals$137.3M volume
BROKER

Patrick Kelley
Stan Johnson Company
3 deals$137.3M volume
BROKER

GBT Realty Corp
SELLER

Details

SOLD
IMAGE: Patrick Kelley & Margaret Caldwell DATE: 09/13/2022 ADDRESS: 2687 SE Adams Blvd MARKET: Bartlesville, OK ASSET TYPE: Retail SELLER: GBT Realty Corp BROKERS: Margaret Caldwell & Patrick Kelley - Stan Johnson Co SALE PRICE: $15,300,000 SF: 87,750 ~ PPSF: $174

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$816,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,357.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,529.81
Annual Debt Service$870,357.67