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6421 Avondale Drive

Martha Kelley Of Bain Capital Real Estate And Brian Harper Of 11North Partners Acquire Retail Centers In Oklahoma City For $212M
SOLDRetail

Martha Kelley Of Bain Capital Real Estate And Brian Harper Of 11North Partners Acquire Retail Centers In Oklahoma City For $212M

6421 Avondale Drive, 5825 Northwest Grand Boulevard & 6001 North Western Avenue

$212,000,000

Building Size

Asset Type

Retail

Closing

Jun 25, 2025

AI

The property involved in this transaction comprises three high-occupancy, open-air retail centers located at 6421 Avondale Drive, 5825 Northwest Grand Boulevard, and 6001 North Western Avenue in the Nichols Hills & Oklahoma City, OK market. The sale was executed for $212,000,000, and the asset type is categorized as retail.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $212,000,000
  • Buyer: Martha Kelley - Bain Capital Real Estate & Brian Harper - 11North Partners
  • Market: Nichols Hills & Oklahoma City, OK
  • Anchors: Whole Foods and Trader Joe’s

Martha Kelley represents Bain Capital Real Estate while Brian Harper represents 11North Partners in this transaction, showcasing a collaboration between these investment firms in acquiring resilient, community-focused retail assets in a strong demographic market.

Players

Brian Harper

11North Partners

Buyer

$1.1B

vol

7 deals

Buyer
Bain Capital
Bain CapitalBuyer

Nichols Hills 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

0.07%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93