The Price Edwards Retail Investment Team was awarded the exclusive listing agreement to represent, Paul Coury, I P PAG 3, LLC in the sale of Willow Creek Shopping Center on February 13th, 2017. The property, located at 350 S. Santa Fe in Edmond, Oklahoma, consists of 31,200 square feet and was 88.46% leased. The property is situated just off the south east corner of Santa Fe and 2nd Street sits on 3.466 acres and was sold for $69.71 per square foot.
The Retail Investment Team blasted the property to its investor list and within just a few days had the property under contract with a local buyer, Saeed Zahrai, under Retail USA, LLC. The property sold for $2,175,000 on May 5th, 2017, just 80 days after listing agreement was signed. The Retail Investment Team consists of Phillip Mazaheri, CCIM, Paul Ravencraft and George Williams, who handled both sides of the transaction.
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Phillip Mazaheri, CCIM | Price Edwards & Company | Retail Investment Sales | Shopping Center Sales | 210 Park Avenue, Suite 700, Oklahoma City, OK 73102