Edmond Development Site

Capstone is pleased to present a shovel-ready 272-unit multifamily development site in the highly desirable Edmond Schools. Located off I-35 in East Edmond, this 12-acre site is in the fastest-growing and most desirable sub-market of Oklahoma City. All preconstruction work has been completed to start building immediately upon closing. The proposed construction is Class A with top-of-the-market amenities like a resort-style swimming pool and a modern office/ clubhouse. Unit mix comprises a mixture of one and two-bed units, and 47 garages (some are attached to units). This is perfect for someone who has a desire to enter the Oklahoma City market. The seller is willing to sell for $4.5 million, but that price is firm. After looking at the project and the work that’s been completed, it’s priced at an incredible value.

Investment Highlights:

Shovel ready with all pre-construction work and approvals completed

Located in highly desirable submarket and premier school district

First-class amenities including a resort-style pool and modern office/clubhouse

Approximately $56 million valuation upon stabilization (appraisal provided)