Retail•Strip Center•For Sale or Lease

Crimson Centre Retail

2627 Classen Blvd, Norman, Oklahoma 73071

Sale Price $3,450,000
Lease Rate $18.00 /SqFt NNN
Sale Type Investment
Bldg Type Multi-Tenant
Class B
Year Built 2009
Stories 1
Vacancy 89%
Gross Bldg 19,516 SqFt
Land Area 2.15 Acres
Improvements Crimson Centre is a well maintained retail strip located in south Norman. This is an area of south Norman poised for growth, with immediate proximity to WalMart Neighborhood Grocery and surrounded by residential.
Market Norman
Crimson Centre is a well maintained retail strip located in south Norman. This is an area of south Norman poised for growth, with immediate proximity to WalMart Neighborhood Grocery and surrounded by residential. Excellent parking, ease of access and location will make this center attractive to clients and customers. The center is well-maintained and managed. This retail strip is located on a high traffic thorough fare of Classen Blvd between Constitution and Imhoff, just south of where 12th Ave SE becomes Classen Blvd. The area has a high residential count with an increased number of students from the University of Oklahoma and is less than 1/2 mile from Hwy 9 interchange.
  • 7.1% CAP
  • Well maintained property
  • 23,000+ daily traffic on Classen
  • Upsides: <b>adjusted<b> all leases to true NNN
  • <b>below<b> market rents on some leases
  • Shopping Center fronts Classen with great access point.
  • Over 63,000 people with Avg. HH Incomes of $50,000 within a 3 mile radius.

1 Spaces

1,820 SqFt
$18.00 NNN
CAM $3.25
11/7/2019 7:21:31 PM 11/19/2019 6:20:07 PM
Eric C. Fleske, CCIM
Equity Commercial Realty II, LLC

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