The Price Edwards Retail Investment Team is proud to annouce the sale of Village Oak Shopping Center. The center is a 25,983 square foot neighborhood center sold at 84.40% occupancy (no value given to vacancy) with a stable rent roll, including 75% of the tenants in the renewal periods. Village Oak is anchored by Lupe's Restaurant who has been at the center since 2006.
Village Oak Shopping Center was sold on July 13th, 2017 to Nicholas Investment Company at a per square foot price of $56.04. The property was recently renovated in 2016 and sold at a 9.94% CAP Rate.
Price Edwards Retail Investment Team handled both sides of the transaction.
