Farsi, LLC Purchases Retail Center in South Edmond for $2,100,000

Farsi, LLC purchased Boulevard Village located at 3400 S. Boulevard in Edmond, Oklahoma.  The shopping center was approximately 70% leased at the time of closing with a CAP Rate of 7.71% based on existing income and expenses. Boulevard village is located near the south east corner of Boulevard and 33rd Street in Edmond, with McBride Clinic as its anchor tenant. This is a tremendous value-add play and with the Buyer looking for a 1031 Exchange, this off-market property was an ideal replacement. Phillip Mazaheri, CCIM, Paul Ravencraft and George Williams of Price Edwards & Company handled the transaction.