PEC ANNOUNCES SALE OF THREE STARBUCKS LEASED PROPERTIES

 Price Edwards & Company is pleased to announce the sale of three Starbucks leased properties located at 4755 S.E. 29th, Del City, OK; 1702 Muskogee Avenue, Tahlequah, OK; and Aspen Center at 2050 W. Kenosha Street, Broken Arrow, OK.

These properties consist of 8,862 square feet.  

 Price: $2,000,000

 CAP Rate on Actuals: 13.65%

 Seller: Dawn-BV, LLC

 Building Size Totals: 8,862 Sq ft

 Closing Date: July 3, 2012

 Sold In: 3 months from listing

   Paul Ravencraft and Phillip Mazaheri, Retail Investment Specialists in Price Edwards & Company’s Investment Division, acted as transaction brokers.