Newspaper article THE JOURNAL RECORD

Briefs: Northwest OKC Duplexes Sold for $1.1M+

Newspaper article THE JOURNAL RECORD

Briefs: Northwest OKC Duplexes Sold for $1.1M+

Article excerpt

An investment group called Everest Alliance bought the Summit Place Duplexes in northwest Oklahoma City for $1.1 million from Four M Investments. The property at 11624 Vail Dr., near NW 119th and Rockwell, includes nine units totaling 27,030 square feet. The property was built in 1982. The Apartment Group with First Commercial Real Estate Services represented the buyer. Gary Brooks with Grubb & Ellis/ Beffort Brooks Hogan represented the seller.
Arvest buys building
Arvest Bank bought a two-story bank building at 9350 S. Western Ave. near the Brookwood Shopping Center in Oklahoma City for $925,000 from Softouch Properties. J.R. "Bud" Fulton of J.R. Fulton & Associates handled the deal. Linda Cable with Stewart Abstract & Title closed the transaction.
Life Church buys land
Life Covenant Church bought land near Edmond Road and Pennsylvania Avenue for $700,000 from Covenant Development Corp., according to Oklahoma County property records. Church officials were not immediately available for comment. The acquisition followed the recent sale by Life Covenant Church of 29 acres on Highway 66 immediately east of the church's east campus that netted the church $1.57 million. First American Title & Trust closed the transaction.
Office building sold
The Susan E. Brackett Family Trust bought a one-story office building at 7100 N. Classen, Building 400, in Oklahoma City for $650,000 from MDR Property, a unit of Market Data Research. The 9,253-square-foot office building is on land zoned for industrial use. Lynn McVeigh of Harrison Levy represented the seller. Jay Crabb of Herndon and Kelly represented the buyer.
McDonald's locates site
Fast-food restaurateur McDonald's bought a pad site at the southeast corner of Memorial Road and N. MacArthur Boulevard in Oklahoma City in a deal valued at $480,00 from property owner Westlake Development, according to Oklahoma County property records. The company plans to build a restaurant on a pad site inside the Westlake Shopping Center.
Capitol Abstract & Title handled the closing of the transaction.
Retail site purchased
PK&T Properties paid $335,000 to acquire a retail motor cycle shop at 2010 S. …

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