405-840-1500
1305 N Classen Dr, Oklahoma City, OK for Sale
Apartments - FOR SALE
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1305 N Classen Dr
Oklahoma City, OK 73103
Midtown Oklahoma City


HIGHLIGHTS

  • 27 Class “A” Apartments, Unmatched Urban Infill Location
  • Trophy-Class Asset Minutes From Downtown
  • Walking Distance to Mass Transit and Major Employers

OVERVIEW

Executive Summary Urban Land Institute™ 2024 Impact Award Finalist Recognized for exemplifying best practices, responsible use of land and supporting a thriving community through contributions to the built environment and the public. Outstanding Location The Spaniard residents enjoy proximity to arts and culture, casual and fine dining, parks and recreation, and numerous employment opportunities thanks to frontage access to Classen Drive. The area is transit-, pedestrian-, and bicycle-friendly, affording short commute times to the major employers of downtown Oklahoma City. Additionally, there are 8,200+ businesses and more than 139,000 employees within a five-mile radius of The Spaniard. The community is situated near Oklahoma City’s Central Business District and the Oklahoma City Innovation District, a demonstrated incubator for business startups, new technologies, and biosciences. With phase I of expansion projected to be completed by 2040, the Innovation District will create 6,600 permanent jobs and $423 million in wages for the Oklahoma City economy. The subject property is also ideally proximate to the city’s Midtown, Downtown, Automobile Alley, Deep Deuce, and Bricktown districts, featuring the MSA’s most notable retail, entertainment, and nightlife experiences. Noteworthy nearby employers include SSM Health St. Anthony Hospital (walking distance: one-third mile), the State Capital (two miles), Devon Energy (1.2 miles), and OU Health Sciences Center (1.7 miles). Exceptional Amenities The Spaniard’s residents have their choice of a generous mix of one-, two-, and three-bedroom floor plans featuring ten-foot ceilings, stainless Bosch and Fisher & Paykel appliances, designer fixtures and hardware, and washers/dryer sets in-unit. Community amenities include a fitness center, courtyard pool with poolside lounges, an intimate landscaped fire pit lounge, private garages for select units and controlled community and parking access. Trophy Asset - Completed in 2024 – Class A urban community - Superb curb appeal, three-story Spanish Revival design secure access and individual garages for select units - Intimate community setting with designer interior finishes - Large 1,229 SF average unit size - Dynamic location proximate to the CBD, Bricktown, OU Health Sciences Center, Innovation District, and the State Capitol Investment Drivers - Irreplaceable trophy real estate professionally managed in a highly desirable core location - Infill location with immediate proximity to affluent neighborhoods and high average home prices - Three-minute walk to the OKC Streetcar’s North Dewey Avenue platform - 88 Walk Score® (“Very Walkable”) 77 Bike Score® (“Very Bikeable”), and 53 Transit Score® (“Good Transit”) - Frontage access to Classen Drive provides excellent traffic exposure and quick transit to all major area arterials - 65.6% renter-occupied households and $416,000 average home values within a one-mile radius

FOR SALE DETAILS

PRICE

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# OF UNITS

27

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Spaniard

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,883 SF

ZONING

DTD-1

APN/PARCEL ID

045805560

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Justin WilsonNewmarkMore Info
405-840-1500

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Justin WilsonNewmarkMore Info
405-840-1500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.