Cross Development Acquires Self Storage Property In Norman, OK For $7M

The self-storage property located at 4801 W Main Street in Norman, OK has been sold in a transaction. The property spans a total area of 87,700 square feet and was sold for a price of $7,000,000, resulting in a price per square foot of $80. The sale took place on January 12, 2023.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $7,000,000
• Address: 4801 W Main Street, Norman, OK
• Market: Norman, OK
• Buyer: Cross Development
• Seller: Northstar Properties
• Broker: Brandon Karr, Danny Cunningham & Bryan Quaschnick - Marcus & Millichap
• Square Footage: 87,700
• Price Per Square Foot: $80

The deal was facilitated by the brokerage team consisting of Brandon Karr, Danny Cunningham, and Bryan Quaschnick from Marcus & Millichap. They represented the buyer, Cross Development, and the seller, Northstar Properties, in this transaction.