BRICKTOWN LUMBERYARD SOLD FOR $8,000,000

Price Edwards & Company's Retail Investment Team sold the "Lumberyard" property located at 101 SE 4th in Oklahoma City consisting of 5.9 acres in Lower Bricktown.  It sold for $8,000,000 or $31.13/sf. Mazaheri Properties and Champion Hotels & Development purchased the property from the Bill & Patti Smith Family. The land is located just south of Harkins Theatre, between S Walnut and Shields.  Not only will it be the first access point going West and last access point going East on the Boulevard, it will also have 957 ft of frontage on the future road.  There is no master plan at this time and the Buyers plan to hold until future development is planned with the Producers Cooperative Mill to the South. 

Although no concrete plans have been announced, the new owners are excited by the thriving entertainment district and look forward to adding to the mix of attractions in the once nearly vacant area prior to its MAPS transformation.

Phillip Mazaheri, Paul Ravencraft and George Williams with Price Edwards & Company represented the Buyers.