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Southeast Adams Boulevard, ...

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

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

Margaret Caldwell

Stan Johnson Company

Broker

$137.3M

vol

3 deals

Broker
GBT Realty Corp
GBT Realty CorpSeller

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