$9,700,000
( )
 $58,156 est/mo Sourced by Back At You

101 N Mustang Road,Mustang, OK 73160

Mustang, OK 73160

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Description

The current owner purchased Silver City Shopping Center just over five years ago in spite of its then deferred maintenance, long term down units, and in general, poor management. The results of the then cumulative issues brought on below-market rents and the ripple effects of bad management. Recognizing its potential, the purchase was made, and we set out to implement a comprehensive revitalization strategy that allowed us to turn the Center around beyond our expectations. Today, we’re proud to disclose the transformation evidenced by our 100% occupancy, and a well-balanced rent roll filled with a combination of national brands mixed with local businesses, which brings a true sense of community to the Center. Our team navigated this transformation through the headwinds of covid, rising inflation, and increased interest rates, focusing on tenant retention as our weathervane, using a blend of market rates with fair terms to retain existing tenants, while at the same time in filling vacancies at higher market rates. An example of the owner’s commitment, shortly after purchase was overlay the asphalt half of the parking lot and massive concrete repairs to fix the parking lot up front to as new condition, which brought immediate appreciation from our tenants and the community given that we boast approximately 400 parking spaces, eliminates the typical pressures of tight parking at similar Centers. All vacancies were then rehabbed and leased out to complete the process updating and modernizing flooring, HVAC, and modern decorative elements. As mentioned, the Center encompasses 89,530 square feet of retail shopping at the bustling northwest corner of SH 152 & Mustang Road. Tractor Supply, Lesley’s Pool, and Marco’s Pizza are a few of our national clients, complemented by a great mix of local businesses, creating a sustainable, long-term investment opportunity for the next owner. We think this is just the beginning of a great future for this Center.

Details

MLS #1143935
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1976
Days On Site214
Listing Provided ByInterWest Realty | George Huffman

Features

SQ Feet89,530
Story(s)1
ZoningCommercial
Acreage9.46

Market Activity 73160

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Copyright 2025 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy, or authenticity of the data contained herein. Information is subject to transcription and transmission errors and is provided “as is”. All information, including but not limited to property square footage and lot size, zoning, and fitness for a particular purpose is subject to inaccuracies and should be independently verified through personal inspection and/or consultation with appropriate professionals. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. 

Contact

Learn More About This Property

Coldwell Banker Select Select Land Group

Coldwell Banker Select Select Land Group

 (918) 481-8300
StateOK
CountyCanadian
CityMustang
Zip Code73160
School DistrictCanadian
Listing VS Median (in 73160)
Price:
$9,700,000
low | high
Med:
$243,250
100% of Average
SqFt:
89,530
low | high
Med:
1,802
100% of Average
$ / SqFt:
$108
low | high
Med:
$135
25.327778883022% of Average
On site:
214
low | high
Med:
106.500000
100% of Average
Sourced by Back At You
Listing Updated: January 10, 2025 at 1:37:44 PM PST

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Coldwell Banker Select Select Land Group
8909 S Yale Ave
Tulsa, OK 74137
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© 2025 Select Management Group, LLC. All rights reserved.

Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Select Management Group, LLC fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Greater Tulsa Association of REALTORS® MLS.
Copyright 2025 MLSOK, Inc. We do not attempt to verify the currency, completeness, accuracy, or authenticity of the data contained herein. Information is subject to transcription and transmission errors and is provided “as is”. All information, including but not limited to property square footage and lot size, zoning, and fitness for a particular purpose is subject to inaccuracies and should be independently verified through personal inspection and/or consultation with appropriate professionals. The listing information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective purchasers. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLSOK, Inc. 
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Northeast Oklahoma Board of REALTORS.
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