Chelsea Manor

About Chelsea Manor

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 187-unit Chelsea Manor apartment community in Oklahoma City, OK. Chelsea Manor represents an opportunity to reposition a well located asset that has already benefited from major capital updates and features occupancy at effectively ~100% based on rent-ready units. The Property is primed for a single capital infusion to fund unit turns that would allow for occupancy gains as well as rent growth. Based on C&W analysis of direct comparables, the next operator can benefit from 10%+ organic rent upside. The Property benefits from being near a major regional medical hub anchored by Integris Health Baptist Medical Hospitals (~4,600-5,100 total employees and a top employer in Oklahoma City) and other affiliated and nonaffiliated clinics / physicians, medical centers, and health providers. Known retailers surrounding the Property include Pruett’s Food and Grocery, two Targets, Academy, Buffalo Wild Wings, and Chipotle. The Property is located at the NW 63rd / Meridian Ave intersection which features 31,000 total vehicles per day.