Q2 2012 Oklahoma City, Oklahoma Retail Property Sales Analysis

CRE Resources

View our Oklahoma City, Oklahoma Submarket Map

Q2 2012 Oklahoma City, Oklahoma Retail Property Sales Analysis


There were two very different retail sales in the second quarter. In the larger of the two, Sears sold its store in the 1-million-square-foot Quail Springs Mall in Oklahoma City to General Growth Properties Inc. for $8 million ($44 psf.) The 141,920-square-foot Century Center in Oklahoma City, meanwhile, sold for just $2 million ($14 psf). Bob Moore bought it from American Property Investors OKC LLC in May. The rolling 12 month cap rate as of the second quarter was just 3.6%, down from 9.8% a year earlier.