Okc Major Land Transactions July 2, 2004

Summary


Kulbushan and Rupa Gupta and Spring Tree Apartments LLC purchased the 145-unit Spring Tree Apartments, 7020 E. Reno Ave. in Midwest City, for $2.76 million from 88 Parsons LLC, participants in the deal said this week.

Constructed in 1965, the complex includes a swimming pool and laundry facilities. Unit amenities include washer and dryer hookups. The complex consists of a total of 126,925 square feet, according to Oklahoma County records.

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Extract


Okc Major Land Transactions July 2, 2004

The property was purchased for investment purposes. Last month, Gupta completed purchase of the 2525 Northwest Expressway building for $1.78 million.

Steve Craig of Steve Craig Real Estate handled the transaction. Weokie Credit Union provided financing. Linda Cable at Trustmark Commercial Title closed the deal.

Land purchased for housing

Shaz Investments purchased 84.65 acres of land at the intersection of SW 15th Street and Mustang Road for $714,305 from National Properties and Kinco Building Co., participants in the deal reported this week.

The development group that bought the property plans to construct a residential subdivision. In June 2003, Shaz also purchased 90 acres that adjoins the land. Construction details regarding the development were not provided.

Carol Allen of Price Edwards & Co. handled the transaction. Lisa Goodson with First American Title & Trust closed the deal.

Vance Brothers buy industrial site

Vance Brothers Inc. purchased a 13,000-square-foot industrial facility at 4...

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