Capstone Brokers $11.575M Sale of Oklahoma Build-For-Rent Duplex Community

OKLAHOMA CITY, OK — Capstone Companies has facilitated the successful $11,575,000 sale of Chisholm Creek Duplexes: a 60-unit build-for-rent duplex community currently under construction in Oklahoma City. The high-quality, new construction build-for-rent asset is a proven concept in the market and is located in an unrivaled location in an employment-rich area with great connectivity to major thoroughfares.

The Capstone transaction team was led by William Forrest, David Dirkschneider, Mike Marrara, and Chris O’Hare, who represented the seller, Chisholm Creek Village, LLC, through a fully marketed sales process. The Capstone team also procured the buyer, Hamilton & Dove Properties.

“The buyer was impressed with the high quality of construction and the prime location in the path of growth, and they felt that this was great long-term opportunity,” said Capstone Managing Director, William Forrest. “The quality of construct and solid location enabled us to generate significant interest and activity.  Even though the property was still in post-construction lease-up, we were able to get it closed at a price that was lucrative to the seller,” Forrest added.

Following its completion in 2023, the new development will provide tenants with spacious floorplans, premium interior finishes, backyard amenities, and garages. Residents of the Chisholm Creek Duplexes will also enjoy superior nearby amenities, such as dozens of premier shopping, dining, and entertainment establishments. The property was in lease-up at the time of closing.

 

Media Contact:
Jaclyn Chapman
Director of Strategic Marketing Communications
jaclyn@capstone-companies.com

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