Available For Sale - Multifamily

357,210 SF

LISTED BY

Justin Wilson
Newmark, 405-605-2546

AVAILABILITY DETAILS

Size
357,210 SF
Price/SF
N/A - Contact for Info
Listing ID
SA564483
Notes
Urban Land Institute™ 2024 Impact Award Finalist

Recognized for exemplifying best practices, responsible use of land and supporting a thriving community through contributions to the built environment and the public.



Outstanding Location

The Spaniard residents enjoy proximity to arts and culture, casual and fine dining, parks and recreation, and numerous employment opportunities thanks to frontage access to Classen Drive. The area is transit-, pedestrian-, and bicycle-friendly, affording short commute times to the major employers of downtown Oklahoma City. Additionally, there are 8,200+ businesses and more than 139,000 employees within a five-mile radius of The Spaniard. The community is situated near Oklahoma City’s Central Business District and the Oklahoma City Innovation District, a demonstrated incubator for business startups, new technologies, and biosciences. With phase I of expansion projected to be completed by 2040, the Innovation District will create 6,600 permanent jobs and $423 million in wages for the Oklahoma City economy. The subject property is also ideally proximate to the city’s Midtown, Downtown, Automobile Alley, Deep Deuce, and Bricktown districts, featuring the MSA’s most notable retail, entertainment, and nightlife experiences. Noteworthy nearby employers include SSM Health St. Anthony Hospital (walking distance: one-third mile), the State Capital (two miles), Devon Energy (1.2 miles), and OU Health Sciences Center (1.7 miles).



Exceptional Amenities

The Spaniard’s residents have their choice of a generous mix of one-, two-, and three-bedroom floor plans featuring ten-foot ceilings, stainless Bosch and Fisher & Paykel appliances, designer fixtures and hardware, and washers/dryer sets in-unit. Community amenities include a fitness center, courtyard pool with poolside lounges, an intimate landscaped fire pit lounge, private garages for select units and controlled community and parking access.



Trophy Asset

- Completed in 2024 – Class A urban community

- Superb curb appeal, three-story Spanish Revival design secure access and individual garages for select units

- Intimate community setting with designer interior finishes

- Large 1,229 SF average unit size

- Dynamic location proximate to the CBD, Bricktown, OU Health Sciences Center, Innovation District, and the State Capitol



Investment Drivers

- Irreplaceable trophy real estate professionally managed in a highly desirable core location

- Infill location with immediate proximity to affluent neighborhoods and high average home prices

- Three-minute walk to the OKC Streetcar’s North Dewey Avenue platform

- 88 Walk Score® (“Very Walkable”) 77 Bike Score® (“Very Bikeable”), and 53 Transit Score® (“Good Transit”)

- Frontage access to Classen Drive provides excellent traffic exposure and quick transit to all major area arterials

- 65.6% renter-occupied households and $416,000 average home values within a one-mile radius
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Justin Wilson, Newmark