Top Property Sales Recognized for Norman, OK
admin / September 2024
Quarterly List of Market-Leading Deals
As big-ticket items involving sizable investments, commercial property transactions often have a wider impact within the local community. Below are sales transactions completed during the second quarter of 2024 in Norman, Oklahoma.
TOP SALE: The Flats at Norman, 730 Stinson Drive, Norman, OK
Sale Price: $31,413,000
Sale Date: April 5, 2024
Size: 231,504 SF
Buyer: Cardinal Group Management and Advisory, Glendale, CO and Virtus Real Estate Capital, Austin, TX
Seller: Horizon Realty Advisors, Seattle, WA
Deal Commentary: The Flats at Norman, a 204-unit multifamily property with a 99.34% occupancy rate, has been acquired by a Glendale, Colorado-based real estate development company and a private equity firm from Austin, Texas. Situated within walking distance of The University of Oklahoma, this acquisition highlights the high demand for premium student housing in key university markets.
TOP SALE: 1900-1972 24th Ave. NW, Norman, OK
Sale Price: $9,250,000
Sale Date: May 30, 2024
Size: 18,995 SF
Buyer: Private individual, Washington, OK
Seller: Collett & Associates, Charlotte, NC
Deal Commentary: A private individual has acquired a newly built 2022 multi-tenant retail building as an investment. Tenants include La Madeleine, Cyclebar and Huntington Fine Jewelers. The property, built in 2022, is located next to Legacy Park and close to I-35.
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