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.