the allesio apartments - loopnet · 2018-08-23 · allesio apartments are located in the northwest...
TRANSCRIPT
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DAVID DIRKSCHNEIDER
Director - Multifamily Group
MICHAEL MASSAD
Multifamily Associate
OFFERING SUMMARY
Sale Price: Subject to Offer
Number Of Units: 66
NOI (Projected): $193,606
Lot Size: 1.91 Acres
Year Built: 1973
Building Size: 50,550
Renovated (Exterior): 2017
Zoning: C-1 Commercial
Market: Lawton
OFFERING SUMMARY
*OFFERING & FINANCIAL INFORMATION AVAILABLE IN DOCUMENT VAULT*
Price Edwards & Company is pleased to present the exclusive listing of The AllesioApartments in Lawton, OK. All inquiries about the Offering or the Property should bedirected at Price Edwards & Company
PROPERTY HIGHLIGHTS
• FOUR PERCENT COMMISSION OFFERED TO SELLING BROKER
• Proximate to major retail shopping within walking distance
• Directly next door to large shopping center with Lowes anchor
• Offered at WELL BELOW replacement cost
• Located 1.2 miles from principal area employer Fort Sill Army Base
• Increased value in stabilized occupancy and increasing rents to market
• Strong market with strategic military base being largest economic driver
• Exceptional rent growth potential with light value-add improvements
THE ALLESIO APARTMENTSExecutive Summary
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DAVID DIRKSCHNEIDER
Director - Multifamily Group
MICHAEL MASSAD
Multifamily Associate
PROPERTY OVERVIEW
Price Edwards & Company is pleased to present the exclusive listing
of The Allesio Apartments. The property’s 66 units are broken down
into an excellent unit mix of 32 one-bedroom units and 34
two-bedroom units that are 700 and 800 square feet respectively.
Located right off the main retail corridor in Lawton, there are an
abundance of job opportunities within walking distance for residents
including large national retailers like Lowes, Home Depot, Olive
Garden, IHOP, and Starbucks all within walking distance. Located
along Lawton's Area Transit System, residents are able to get
virtually anywhere within Lawton in minutes.
LOCATION OVERVIEW
Allesio Apartments are located in the northwest sector of Lawton,
Oklahoma, along the primary retail corridor of Lawton. The
neighborhood is located approximately three to four miles northwest
of Lawton’s Central Business District. The nearest arterial
intersection is Cache Road and NW 47th Street, of which Cache
Road is the primary commercial and retail street in Lawton. As you
enter the neighborhood to access Allesio on NW 47th Street, you
pass directly through a large retail development containing large
national retailers such as Lowe Home Improvement, Home Depot,
Arbys, Starbucks, and dozens of other national retailers and
restaurants (all within walking distance as seen in aerial). These
various commercial businesses provide an abundance of job
opportunities for residents of Allesio. Allesio is directly across from a
newer residential sub division with homes in the higher middle
income range and is the type of neighborhood residents want their
kids to grow up in.
PROPERTY VISITATION
Prospective purchasers will have the opportunity to conduct on-sitetours during prescheduled open houses. These visits will includeaccess to a representative sample of units as well as common areasand public facilities. The tours are scheduled as follows:
OPEN HOUSE DATES / CALL FOR OFFERS
• Wednesday, August 29th - First Property Tour
• Wednesday, September 12th - Second Property Tour
• Friday, September 21st - Offers are Due
THE ALLESIO APARTMENTSProperty Description
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DAVID DIRKSCHNEIDER
Director - Multifamily Group
MICHAEL MASSAD
Multifamily Associate
THE ALLESIO APARTMENTSAdditional Photos
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DAVID DIRKSCHNEIDER
Director - Multifamily Group
MICHAEL MASSAD
Multifamily Associate
THE ALLESIO APARTMENTSLocal Maps
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DAVID DIRKSCHNEIDER
Director - Multifamily Group
MICHAEL MASSAD
Multifamily Associate
THE ALLESIO APARTMENTSAerials