Monday, June 9, 2008

Marcus & Millichap Lists 66,854-SF Shopping Center in Oklahoma City for $12.25M



OKLAHOMA CITY, OK – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has retained the exclusive listing for Sportsman’s Warehouse & Quail Springs Retail Shops, (top right photo) a 66,854-square foot shopping center in Oklahoma City.

The listing price of $12.25 million represents $183 per square foot.

Jamie Medress, (top left photo) a vice president investments and senior director of Marcus & Millichap’s National Retail Group in Phoenix, is representing the seller, Hawkins Companies.

“Sportsman’s Warehouse & Quail Springs Retail Shops is an excellent opportunity for an investor to acquire a newly built shopping center in a highly desirable location along a major retail corridor,” says Medress.

Located at the intersection of Pennsylvania Avenue and Memorial Road, the shopping center consists of one one-story multi-tenant retail building situated on a 9.47-acre lot, adjacent from Quail Springs Mall, which is one of the largest and busiest malls in the entire state, encompassing approximately 1.13 million square feet and containing more than 160 stores on three levels.

Built in 2007, the shopping center is 98 percent leased to four tenants on triple-net leases, including Sportsman’s Warehouse, Howard Sports, Push Pedal and Pull and AT&T.
The property is surrounded by major retailers including Gordmans, Best Buy, Super Wal-Mart, Sam’s Club, The Home Depot, Pier 1 Imports, Super Target, Circuit City, Ross, Office Depot, Michael’s, PetSmart, Old Navy, Krispy Kreme Donuts, PF Chang’s and Arby’s.

Press Contact: Stacey Corso
Communications Department
(925) 953-1716

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