Willow Creek - SOLD!
Retail Shopping Center for Sale - SOLD - May 5th, 2017
- Sold Price: $2,175,000
- Price/SF: $69.71
- Cap Rate: 10.15%
- NOI: $220,711
- Lot Size: 3.466 Acres
- Square Feet: 31,200
- Submarket: Edmond
Property Details
Willow Creek consist of 31,200 square feet of retail in a developing area of Edmond, Oklahoma. A portion of the property was built in 1986 and later expanded on in 1995. Willow Creek is currently 88.46% occupied with upside on below market rents throughout the center.
Location Overview
Willow Creek shopping center is located at 350 S. Santa Fe in Edmond, Oklahoma. The property is located just off the south east corner of Santa Fe and 2nd Street in Edmond, Oklahoma. Edmond's estimated population in 2015 was 90,092, making Edmond the sixth largest city in Oklahoma.
The City of Edmond limits are located on the northern border of Oklahoma City. Two major highways connect Edmond to downtown Oklahoma City: U.S. Route 77 (the Broadway Extension), which runs through the center of Edmond, and Interstate 35, which runs along the eastern side. Public transportation is provided by Citylink Edmond bus service.
In 2011, Edmond was #1 on CNBC's "10 Perfect Suburbs" list. Edmond was listed as one of the "Top 100 Places to Live in 2007" by Relocate America. Edmond was selected the most outstanding community in its class for five years in a row by the State Chamber of Commerce and State Industrial Development Department.
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