Capstone Closes $21.2 Million Sale of Luxury Duplex Community in the Oklahoma City MSA

OKLAHOMA CITY, OK—Capstone Apartment Partners has closed the $21.2 million sale of Del Norte Duplexes: a luxury, 82-unit, Class A gated community in the west Oklahoma City suburb of Yukon—adjacent to Surrey Hills Golf Course.

The Capstone Oklahoma brokerage team of David Dirkschneider, William Forrest, Mike Marrara, and Chris O’Hare sold the asset on behalf of Orion. The buyer is Northstar Properties of Oklahoma City, who was attracted to the property due to its favorable location in an ideal school district.

“The buyer was impressed with the high quality of construction and its prime location in the path of growth and felt that this was great long-term opportunity,” said Forrest. “Through our relationships, the Capstone Oklahoma Team was able to procure a buyer before the full marketing process at a price exceeding the seller’s expectations. Ultimately, the property transacted at a record per unit price in the submarket.”

Built in 2018, Del Norte Duplexes is comprised of 82 3-bedroom/2.5-bath duplex homes with high ceilings, luxury kitchens, wood-style flooring, stainless-steel appliances, ceiling fans, large closets, washer/dryer connections, and fenced backyards. Del Norte Duplexes was 98% occupied at the time of closing.

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