RETAIL INVESTMENT TEAM ANNOUNCES SALE OF BUNKER HILL SHOPPING CENTER

Price Edwards & Company is pleased to announce the sale of Bunker Hill Shopping Center located in Altus, Oklahoma.

Bunker Hill Shopping Center consists of four separate properties. The Shopping Center consists of 63,000 square feet of national tenants such as Maurices, Stage, Sprint, GNC and Payless Shoes, which is 100% leased. The property also includes the former United Supermarket which is 45,600 square feet and a fully furnished free standing office building which was the Corporate Headquarters for the Supermarket consisting of 14,000 square feet. Bunker Hill has also secured a ground lease with 1st National Bank which has been at the location for over 35 years.. Phillip Mazaheri and Paul Ravencraft, Retail Investment Team Specialists with Price Edwards & Company, handled the transaction.

Price:  $3,725,000

Price / SF:  $30.38/sf

Land Size:  11.03 +/- acres

Buyer:  CSCO Partners, LLC

Seller:  Bunker Hill Co

Closing Date:  September 25th, 2014