On September 7th the sale
of the former Borders Book Store on Northwest Expressway in Oklahoma City was
finalized, the sales price was $3,225,000 and the Buyer was Accident Care &
Treatment Centers, Inc. This transaction marks the sale of the last former
Borders Book Store in the metro, and has helped remove an extra 24,588 square
feet of vacant space from the retail market.
After the closure of the Borders Book
chain, this property went through a lengthy foreclosure process and finally hit
the market in the spring of this year. While marketing the property David Hartnack and Sam Swanson with NAI Sullivan
Group received an enormous amount of attention from new retailers looking to
use this site as a foothold to entering the Oklahoma City Market. “We had
several competing offers at full asking price” stated Mr. Swanson. After
reviewing all the offers submitted by NAI Sullivan Group, the Seller selected a
medical office user to be the most qualified to close. The new owner’s plans on
opening a clinic, as well as an imaging center at this location, and is hoping
to open early 2013.
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