Shoreline

Description:

Newmark has been retained as Exclusive Listing Agent for Shoreline and Lakeside Place (the Tulsa Value-Add Portfolio) in Tulsa, Oklahoma. Originally constructed in 1974, these neighboring communities offer a combined total of 672 one- and two-bedroom units, featuring a diverse selection of floor plans. Shoreline underwent extensive renovations in 2022, while Lakeside Place was renovated in 2021, elevating both properties’ appeal and operational efficiency.

This offering represents a compelling value-add investment opportunity with immediate access to I-44 and close proximity to the central business district and leading area employers. Investors have the potential to further increase revenue through targeted unit upgrades and enhanced management strategies.

HIGHWAY ACCESS
Exceptional highway visibility from Interstate 44 and Highway 169 and immediate interstate access. The properties are located three miles from the Eastgate Metroplex business park and offer short commute times to the Central Business District.

MAJOR EMPLOYER ACCESS
Located less than eight miles from major employers including the American Airlines MRO, Spirit AeroSystems, and the Amazon Fulfillment Center. The properties are also near major medical corridors with over 1,600 healthcare-related businesses within a 10-mile radius.

VALUE-ADD GROWTH POTENTIAL
The Tulsa Value-Add Portfolio offers value-add potential through unit renovations and improved operational efficiencies. The high unit counts of the portfolio offer immediate economies of scale.

ASSUMABLE DEBT
Opportunity to assume established financing at 6.76%.

Shoreline