Commercial Real Estate

7202 South I-35 LLC purchased a 40,600-square-foot, freestanding
building on 4.37 acres at 7202 S. Interstate 35 Service Road for $2.95
million from Best Buy Stores LP. The former Best Buy store was built in
1993. Mark W. Inman and Stuart Graham with CB Richard Ellis|Oklahoma
handled the transaction.

OKLAHOMA COUNTY

East Classen Property Development LLC purchased a 5,504-square-foot office property at 5900 N. Classen Blvd. for $2.5 million from the Oklahoma Development Finance Authority. It was built in 1998. Ford Price with Price Edwards & Co. handled the transaction.

Leam Drilling Systems purchased a 13.8-acre industrial tract of land on N. Santa Fe Avenue just south of the Kilpatrick Turnpike for $1.4 million from Clements Foods. The tract, which fronts both the turnpike and the railroad to the east, is zoned I-3. Based in New Iberia, La., Leam has had offices in Oklahoma City since 1997. David Huffman with Wiggin Properties represented the seller, and Sean O’Grady with Cambridge Properties represented the buyer. Jackie Hatton with Oklahoma City Abstract & Title Co. handled the closing.

SSM Health Care of Oklahoma Inc. purchased a 4,682-square-foot office property at 1033 N. Walker for $945,000 from Upward Transitions Inc. It was built in 1954. Craig Tucker with Price Edwards & Co. handled the transaction.

Sooner Plaza LLC purchased a 3,024-square-foot service station and convenience store at 7224 S. Sooner Road for $860,000 from June Biffel. It was built in 1991, and sits on more than two acres. Gerald L. Gamble with Gerald L. Gamble Co. handled the transaction. First American Title & Trust Co. handled the closing.

Shawn & Kendra Anderson purchased a 10,706-square-foot office building at 5818 N.W. 50th for $850,000 from Jerome B. Miller Family Partnership. It will be used for medical purposes. Cathy Riley with Baker First handled the transaction. Oklahoma City Abstract handled the closing.

Urbanov OKC LP purchased a 5.6-acre site at the northwest corner of S.W. 29th and Council Road for $612,500 from William F. Shdeed and Pamela Shdeed. The site is zoned for industrial uses, and the new owner plans to develop the site with an industrial facility. James C. Buchanan III with Gerald L. Gamble Co. handled the transaction. First American Title & Trust Co. handled the closing.

Jack and 3 Jills Holdings LLC purchased approximately 40 acres at 4600 N.E. 63rd for $385,000 from Oakcrest Farms LLC. The land was purchased as an investment. Irmon Gray with NAI Sullivan Group represented the buyer, and George Huffman represented the seller. Jackie Hatton with Oklahoma City Abstract & Title Co. handled the closing.

Oklahoma Petroleum Marketers and Convenience Store Association Inc. purchased a 1,923-square-foot office property at 6420 N. Santa Fe for $187,000 from DeWayne Pitt and Janet Pitt, trustees of the DeWayne Pitt Revocable Trust. Jerry Hocker with Coldwell Banker Commercial Hocker and Associates represented the buyer, and Tom Fields with Price Edwards & Co. represented the seller.

Lisa Cheng purchased 7,345 square feet of multifamily properties at 2412-2416 N. Shartel for $150,000 from Karen Cox. Brad Baker with Coldwell Banker Commercial Hocker and Associates represented the buyer and seller in the transaction.

CANADIAN COUNTY

Inland Truck Parts Co. purchased a 10-acre industrial site on the east side of Morgan Road, north of Reno Avenue, for $455,975 from Roepard LLC. The Kansas City, Mo.-based company will use the site for construction of a new sales and service facility. Gerald L. Gamble with Gerald L. Gamble Co. handled the transaction. First American Title & Trust Co. handled the closing.

CLEVELAND COUNTY

The city of Moore purchased 25 acres of land on the south side of S.W. Fourth, approximately one mile west of Interstate 35, for $400,000 from Renda Broadcasting Corporation. The site is adjacent to the Moore cemetery, which is owned by the city of Moore. No plans have been announced for the property. Gerald L. Gamble with Gerald L. Gamble Co. represented both parties in the transaction. First American Title & Trust Co. handled the closing.

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