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Investors Property Management Pays $5.7M for 28,000-SF Village Center

Fully-Leased Community Retail Center In Edmond Acquired by Local Real Estate Investors
January 26, 2018
Investors Property Management LLC, a property manager and owner based out of Norman, OK, acquired the 27,618-square-foot Village Center retail strip center in Edmond, OK from a private investor for $5.7 million, or $206 per square foot.

Village Center delivered in 2008 and was fully leased at the time of the sale. The strip center boasts a diverse mix of regional and local tenants including Urgent Care and ATA Karate & Life Skills Training Center.

The property, which spans across two buildings, benefits by its location on 805 W. Covell Rd., the area’s main thoroughfare. Edmond, OK is located approximately 16 miles north of Oklahoma City.

Brett Chetek, Chris Garavaglia and Alex Perez of Marcus & Millichap brokered the deal on behalf of the seller.

Please see Costar COMPS #4084659 for more information on this transaction.
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