Northmarq’s Phoenix office brokers $6.55 million sale of Garland Square in Norman, Oklahoma

TULSA, OKLAHOMA (November 30, 2022) – Logan Baca, Bill Hahn, Ryan Boyle, Trevor Koskovich, and Jesse Hudson of Northmarq’s Phoenix investment sales office collaborated with Benjamin Davis from Northmarq’s Tulsa investment sales office to secure the $6.55 million sale of Garland Square. The 110-unit/2-story multifamily property is located at 201 Woodcrest Drive in Norman, Oklahoma. Northmarq represented the California based buyer, Pro Residential Services Inc, alongside the New York based seller, Garland Square BWTO TWO LLC, in collaboration with ParaSell Inc.

“There is significant opportunity to increase revenue at Garland Square through modernization and installing upgrades throughout the community,” said Baca. “We were able to show the buyers the opportunity Garland Square presented and seeing as they own several communities in the Oklahoma City Metropolitan area, this made for a great addition to their portfolio.

Situated 35 minutes south of Oklahoma City and only three miles from the University of Oklahoma, the city of Norman ranks as a top place to live in the United States. With a population of 1.45 million people, Oklahoma City boasts attractive nightlife, education, employment, and gourmet dining opportunities. 

Garland Square Apartments were built in 1970 and stands as a pet friendly community boasting unique amenities including monthly resident activities, resort style swimming pool with generous sun deck, spacious outdoor picnic area, and new laminate wood plank flooring throughout each unit.

Other community amenities include: Outdoor playground, basketball court, 24-hour property management, and on-site maintenance. Apartment amenities include: In-unit washer/dryer, fireplace, security system, high speed internet, oversized closets, lavish carpet, private patio/balcony, and surface parking space.