David Lichtenstein Of Lightstone Group Acquires Retail Asset In Oklahoma City For $80M
7624 West Reno Avenue
$80,000,000
$202/SF
Building Size
394,280 SF
Asset Type
Retail
Closing
Nov 5, 2026
About this deal
AI
The retail property located at 7624 West Reno Avenue in Oklahoma City, OK, has been sold for $80,000,000. This asset spans a total of 394,280 square feet, translating to a price per square foot of $203. The sale reflects a significant discount from its previous value of $128.63 million recorded in 2017.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80,000,000
- Buyer: David Lichtenstein - Lightstone Group
- Seller: Seth Singerman - Singerman Real Estate & David Hinkle - Outlet Resource Group
- Square Footage: 394,280
- Price Per Square Foot: $203
- Market: Oklahoma City, OK
David Lichtenstein, representing Lightstone Group, has successfully acquired the property from sellers Seth Singerman of Singerman Real Estate and David Hinkle of Outlet Resource Group. The acquisition resolves a troubled $67.43 million CMBS loan associated with the asset.
On the Map
$80,000,000
$202/SF
Retail
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Players
Chaptico 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93