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GRAYSTONE PROPERTIES SELLS OKC APARTMENT COMPLEX FOR $2.2MM

September 18, 2019
OKLAHOMA CITY, Oklahoma – March 8, 2018

The Grant Group and SVN worked together on the sale of The Hartford Apartments, an apartment complex built in 1964 located at 3800 N Hartford Street in Oklahoma City. The two building, 44 unit apartment complex sold for $2.2MM, or $50,000 per unit. The apartments are currently at 86% occupancy.

Casey Massegee with the Grant Group represented the seller, Graystone Properties of OKC, and Raymond Lord with SVN represented the buyer, a private investor.

“The property was an exciting project our company took on almost 9 years ago,” said Trevor Rush, Graystone’s Vice President of Operations. “Graystone’s founder, Dave Rush, was the visionary behind Hartford’s extensive renovation and was instrumental in making the apartments what they are today. We hope to build off the success we found in the Hartford Apartments with our next project.”

The community is conveniently positioned near the junction of Hefner Parkway and I-44. It is minutes from downtown, hospitals, shopping, restaurants and all the daily amenities.

Graystone Properties plans to reinvest in office, retail or industrial buildings.
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September 18, 2019
Oklahoma may be known for their livestock, oil, and a Broadway musical, but the state’s capital city might be gaining a new reputation. According to Small Business Trends , Oklahoma City is one of the best cities for serial entrepreneurs. Small Business Trends looked across the country to find cities where you can find large concentrations of serial entrepreneurs— those who have started three or more businesses prior to the one they run today. By weighing factors like “the percentage of serial entrepreneurs to the overall population in the metropolitan areas of the United States with over 50,000 people… industry clusters, lifestyle, infrastructure, costs and workforce availability,” OKC climbed all the way up to #4 for serial entrepreneurs! Oklahoma City’s ranking sits behind Salt Lake City, Miami and Denver, while beating out Dallas, Tampa, Raleigh, Orlando, Seattle and Portland. Oklahoma City has 2,422 serial entrepreneurs, which makes up .18% of the population. If you’re an entrepreneur looking for a professional office, check out our availability at Wilshire Gardens Office Park , or jump on our waiting list for Smartsuite Executive Offices!
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