Retail Building: Sapphire Pointe - Idabel, Oklahoma

Minimum Investments Starting At $150,000.00

• Property Name: Sapphire Pointe
• Rentable SqFt: ± 19,515.00
• Purchase Price: $2,758,800.00
• Sales Equity: $1,232,100.00
• Accountable Reserves: $159,600.00
• Total Available Equity: $1,391,700.00
• Loan: $1,367,100.00
• LTV: 49.55%
• Pro-forma Cap Rate: 6.50% for years 1-5 with 0.50% bumps every five years thereafter
• Price per SqFt: $141.37 /sqft
• Land Size: ± 1.86 acres
• Percent Occupied: 100.00%
• Year Built: 2005
• Type: Single-story retail building

Property Description:
Sapphire Pointe is a 19,515-square-foot retail center located in Idabel, Oklahoma. Shadow-anchored by the only Wal-Mart within two hours, the Property is easily accessible from State Highways 3 and 37 and U.S. Highways 70 and 259. Built in 2005, Sapphire Pointe is one of the newer properties in the area and boasts an attractive facade. Research of this submarket shows that over the past two years, well maintained and strategically located retail properties have remained nearly 90% occupied. Nationally, Wal-Mart shadow anchored retail centers generally enjoy at least 90% occupancy, with a majority of the centers being 100% occupied.

Top Tenants by Total Rent:
Sapphire Pointe is 100% leased out with a tenant mix that includes a strong mix of well known national and regional tenants.

Please contact me for a full marketing brochure and further information regarding this investment.