Phillip Mazaheri, CCIM handles Sale of $5,200,000 Retail Investment Shopping Center in Oklahoma City

Cornerstone Crossing in Oklahoma City is a 73,791 square foot retail neighborhood strip center situated on 6.15 acres. The property is located on the south west corner of NW 39th Expressway and MacArthur Boulevard nearby Southern Nazarene College. The property was sold at 92% occupancy for $5,200,000 or $70.47/sf with a CAP Rate of 10%. Phillip Mazaheri, CCIM handled the transaction for the Buyer Cornerstone Crossing, LLC initially in 2016 when it was purchased for $3,200,000. Less than four years later with some lease up, Mazaheri handled the Sale to Cornerstone One, LLC, a Buyer out of Kansas City, Missouri.