Woodward Place
Stabilized 126-Unit | Oklahoma City
Marketing description
Built in 1966 and renovated in 2021/2022 with full renovation being
completed in the Fall of 2022. Woodward Place is comprised of three
floorplans offering one, two and three bedroom options. The community
is ideally situated south of Oklahoma City and close proximity to the Will
Rogers Expressway and Will Rogers Airport.
Offered free and clear, Woodward Place is a newly renovated community
with strong cash flow and 2-miles from the Lariat Landing Development.
Investment highlights
2 miles from Lariat Landing Development
Lariat Landing is a dedicated 1,000-acre low restriction site located on the east side of the airport in the I-240 corridor. The aim is to attract a variety of industries to this multi-use development that is currently home to both a new Amazon fulfillment & sorting center, FedEx, DHL, UPS, and USPS facilities. Construction has already started on the 26,000 SF Premier Breast Health Institute of Oklahoma and there is 125 acres slated for retail development
Excellent Cash Flow
With the renovation complete and strong trailing 3 numbers in place, Woodward Place now qualifies for agency financing that will deliver competitive cash flow in today’s market for new ownership and its investors
Strong Location
Woodward Place is exceptionally well located at the intersection of I-44 & Hwy 152 near the Will Rogers Airport. The employment base in the immediate area is predominately from the Service Sector with largest employers being the US Federal Aviation Administration, Amazon, Integris Medical, and UPS
Desirable Submarket
The I-240 corridor has seen a tremendous amount of growth and revitalization over the last 5 years which has continued to make it a robust renter submarket in the greater Oklahoma City area. With year over year rent growth pushing 8% and average occupancies in the low 90’s Woodward Place is well position to capitalize on the current market dynamics for years to come
Extensive Renovation
Woodward Place went through an extensive renovation to the overall community over the last 2 years. With an average of cost of $16k on the interior enhancements alone in addition to revamping all exterior buildings and mechanicals systems
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
