Available For Sale - Multifamily

122,553 SF

LISTED BY

Ted Prince
Newmark, 405-630-0862

AVAILABILITY DETAILS

Size
122,553 SF
Price/SF
N/A - Contact for Info
Listing ID
SA555145
Notes
Newmark is pleased to present an outstanding opportunity to acquire Bridgeport in Stillwater, Oklahoma.



Located less than three miles west of Oklahoma State University and downtown Stillwater, the subject property enjoys ideal access to the main OSU campus, primary and secondary schools, top area employers, and the best of area retail and nightlife. Student and employee residents live within walking distance of community mass transit, affording car-free commutes to campus, healthcare, and employment. Bridgeport’s apartment and townhome units feature fully equipped kitchens, large open living and dining areas, and ample closet space. Most units feature faux-wood flooring in common areas and bathroom(s), with washer/dryer connections and fireplaces in select units; all units are prewired for broadband. Bridgeport’s community amenities include a 24-hour laundry center, dog park, package service, and a spacious greenbelt setting featuring a community lake.



Superb Property and Market Fundamentals

– Well-maintained asset featuring expansive landscaped grounds, community lake and desirable amenities

– Value-add opportunity with substantial market-proven upside

– Advantageous location on West 6th Avenue / Highway 51 provides easy access to Oklahoma State University, major employers and recreation

– 3.3% average year-end rent growth and 93.5% average year-end occupancy forecasted for privately-owned Stillwater multifamily assets (RealPage)

– No new on- or off-campus housing currently under development



Less Than Three Miles from Oklahoma State University

– Power Four institution with record-breaking fall 2024 enrollment and the largest freshman class in university history: an 8% year-over-year increase

– Onsite campus-area mass transit stop provides resident transportation to campus at 30-minute intervals

– Walking distance to grocery, casual dining, and convenience stores
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
Ted Prince, Newmark