MENU

London Square

173 Units | Built 1965

The Opportunity

Berkadia is pleased to present the exclusive opportunity to acquire London Square, a well located, apartment community in Tulsa, Oklahoma. London Square offers a buyer the opportunity to achieve true ‘going in’ yield with value add and operational upside. The 173-unit asset sits alongside one of the area’s busiest roads, tucked behind major retailers in a quiet residential neighborhood. The advantageous location of the real estate allows for convenient transportation throughout the city, near major employers such as: a casino, universities, hospitals, big box retailers, and many more. Residents have the luxury of a short, 10-minute commute to all of the aforementioned drivers.

  • Quiet Neighborhood Proximate to Major Retailers, Restaurants, and Oral Roberts University
  • Strong Trailing Yield; Double Digit Cash-on-Cash Returns
  • Viable Candidate to Qualify for a HAP Contract
  • Exceptional 1, 2, and 3-bedroom Floorplans
  • Opportunity to Mitigate Section 8 Voucher Tenants (65%)
  • Offered Free and Clear ​

Investment Highlights

  • 173 Units
  • Built: 1965
  • Average Market Rent: $821
  • Average Unit Size: 862 SF
  • Average Rent Per SF: $0.95 ​ ​

THE PROPERTY

UNIT Amenities

  • Refrigerator
  • Stove
  • Dishwasher
  • Individual Entrances
  • Hardwood-Style and Tile Flooring
  • Fireplaces*
  • Renovated Interiors*

*In Select Units

COMMUNITY Amenities

  • On-Site Property Management and Maintenance
  • Picnic Area with Barbecue Grills
  • Pet-Friendly
  • Adjacent to Restaurants and Retailers   

THE LOCATION

ECONOMIC SNAPSHOT

CONTACT US

Blackstone Investment Advisor

DAVID A. BOHANON

Blackstone Commercial

DBohanon@blackstonecom.com

405.850.0987

Berkadia Investment Advisors

DOMINIC MARTINEZ

Associate Director

dominic.martinez@berkadia.com

816.759.0368

PARKER STEWART

Director

parker.stewart@berkadia.com

312.845.3094

MICHAEL SULLIVAN

Senior Director

michael.sullivan@berkadia.com

816.759.0369

ALEX BLAGOJEVICH

Senior Managing Director

alex.blagojevich@berkadia.com

312.845.3088

OKLAHOMA OFFICE

9120 North Kelley Avenue, Suite 100

Oklahoma City, OK 73131

405.850.0987

Blackstonecom.com

KANSAS CITY OFFICE

4800 Main Street, Suite 501

Kansas City, MO 64112

816.531.2884

Berkadia.com

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.   This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.  ​

©2019 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. For state licensing details for the above entities, visit: www.berkadia.com/legal/licensing.aspx