Mayfair Village
Price Edwards & Company is pleased to offer Mayfair Village Shopping Center located in Oklahoma City, OK. The Property is a 127,107 gross foot retail shopping center located south of the intersection of NW 50th Street and N. May Avenue in Oklahoma City. The center, which is situated on 10.47 + acres +/-, is approximately 72% occupied with national and local tenants.
Retail Shopping Center For Sale
Sale Price: Subject To Offer
NOI: $635,726
Lot Size: 10.47 Acres
Building Size: 127,107
Occupancy: 72%
Market: North
Property Description
Mayfair Village Shopping Center offers an investor the opportunity to own a retail shopping center with local and national tenants with room for value to be added. The acquisition of the center at below replacement cost allows an investor to work through any vacancy issues. At the same time, the income from the existing tenants allows an investor to have some cash flow until the remaining spaces are leased. The availability of this center provides a number of unique investment opportunities, including the following:
Revitalization – the 127,107 square foot center can be purchased at a cost basis that would allow the retention of the current tenants and the recruitment of new tenants that would complement the center.
Speculation – the income from the existing tenants should allow for cash flow until an aggressive leasing program has been implemented.
Vacant Spaces – The 35,250 total square feet of vacant space is ideally suited for many type local and national retail uses.
