Melanie Richardson
VERIFIED
Title: Exec VP & CFO
Location: Tulsa, OK
Email: melanier@first-commercial.com
Member since: Feb 04, 2013
First Commercial Real Estate Services Corporation
My Affiliations
Add Your Own Property
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1140 S 101st E Ave, Tulsa, OK, 74128
HighlightsRenovated units1 & 2 bedroom floorplans5 buildingsLocated along bus lineDescriptionVintage on Route 66 is a unique property in an improving ...
Amount: $4,350,000
FOR SALE
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8316 E 73rd St, Tulsa, OK, 74133
HighlightsRenovated BuildingCustomizable SpacesSouth Tulsa LocationAmple ParkingKey Fob SystemDescriptionFirst Commercial Plaza currently has available space to lease. There is a contiguous ...
Amount: Please Call Broker for Price
FOR LEASE
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8301 E 74th Pl, Tulsa, OK, 74133
HighlightsAttached GarageKitchen Breakroom2 BathroomsPrivate Reception AreaSouth Tulsa LocationDescriptionThe space is 3,623 square feet with an attached 400 square foot garage. ...
Amount: Please Call Broker for Price
FOR LEASE
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208 S Broadway, Drumright, OK, 74030
DescriptionThis listing is for two historic buildings totaling 4,600 sq ft., located in downtown Drumright, right on Main Street. These ...
Amount: $185,000
FOR SALE
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Sold/Leased Listings
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Sold!
Parties: Melanie Richardson
Location: 1178-1182 N 66th Ave E, Tulsa, OK, 74115
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of Cherokee Apartments in Tulsa, OK.
Date: Jun 01, 2015
Transaction Amount: $180,000
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Sold!
Parties: Melanie Richardson
Location: 6504 S. 81st Pl. E, Tulsa, OK
Comments: First Commercial Real Estate Services is pleased to announce the sale of Woodland Hills Duplexes in Tulsa, OK.
Date: May 20, 2015
Transaction Amount: $2,300,000
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Sold!
Parties: Melanie Richardson
Location: 1729 E 66th St, Tulsa, OK, 74136
Comments:
Date: Mar 31, 2015
Transaction Amount: $0
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Sold!
Parties: Melanie Richardson
Location: 1720 Pebble Terrace, Edmond, OK, 73034
Comments:
Date: Mar 31, 2015
Transaction Amount: $0
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Sold!
Parties: Melanie Richardson
Location: 1341 E 62 St S, Tulsa, OK, 74136
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Casa Linda Apartments located in Tulsa, Oklahoma. The property is located at 1341 East 62nd Street South. The buyer is a local real estate investor and the seller is an of out-of-state real estate investor.
The sale price was $1,400,000 or $24,561 per unit. The property was constructed in 1973 and consists of 3 buildings with a total of 57 units. The unit mix consists of a studio unit and both one and two bedroom units. The property was significantly upgraded including updated interiors and exterior paint. The property had been stabilized and the occupancy was strong at the time of sale, with only one unit vacant.
The seller was represented by the multifamily team of Mike Marrara and Melanie Richardson of First Commercial Real Estate Services Corporation. The buyer was represented by Maria Aleman of TuCasa Realty. Mike and Melanie noted that there was strong interest in the property. There is a high demand for stabilized, cash flowing assets in the Tulsa market. The marketing on Casa Linda resulted in multiple offers.
Lea Ann Hanseth and Pam Bewley with Commercial Title and Escrow Services handled the closing.
Date: Dec 22, 2014
Transaction Amount: $1,400,000
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Sold!
Parties: Melanie Richardson
Location: 631 Earthside Circle , Claremore , OK, 74017
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Beacon Hill Townhomes located in Claremore, Oklahoma. The property is located at 631-643 Earthside Circle and is near the Claremore Indian Hospital, the Claremore Expo Center and Rogers State University. The Buyer is a local real estate investor and the Seller is a partnership of out-of-state real estate investors.
The sale price was $ 2,200,000 or $68,750 per unit. The property was constructed in 1979 and consists of 16 buildings with a total of 32 units and a storage building. The unit mix consists of two, three, and four bedroom units. All units have a garage and washer/dryer connections as well as fireplaces and patios. The property was significantly upgraded including recent siding, new roofs, and extensive landscaping. The interiors were updated with unique custom finishes.
The Seller was represented by the multifamily team of Mike Marrara and Melanie Richardson of First Commercial Real Estate Services Corporation. The Buyer was represented by Tracy Streich of Realis Management, LLC. Mike and Melanie noted that there was strong interest in the area and in the property, with an offer generated in less than 30 days of marketing. There is a high demand for stabilized, cash flowing assets in good areas. Beacon Hill sold for 98% of its list price and at the current NOI that translates to a 7.3 CAP Rate.
David Hagaman with Tulsa Abstract and Title Company handled the closing. RCB Bank provided financing to the Buyer for the acquisition.
Date: Aug 21, 2014
Transaction Amount: $2,200,000
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Sold!
Parties: Melanie Richardson
Location: 2304 Glen Oaks Drive, Norman, OK, 73071
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of the Glen Oaks Apartments located in Norman, Oklahoma. The property is located at 2304 Glen Oaks Drive. This property is located off of Highway 9 giving the residents easy access to I-35. It is near the new Ronald Reagan Elementary School and is a mile and a half from the University of Oklahoma campus. The Seller is an out of state real estate investor and the Buyer is a local non-profit corporation.
Date: Aug 13, 2014
Transaction Amount: $600,000
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Sold!
Parties: Melanie Richardson
Location: 867 Fendlwy Drive, Conway, AR, 72032
Comments: First Commercial Real Estate Services Corporation is pleased to announce the sale of Village Apartments in Conway, Arkansas. This 102-unit property was purchased by CM Properties of Conway LLC. The seller was Village Partners LLC, whose managing member has holdings in Oklahoma and surrounding States. The Seller's property management company is based out of Tulsa, OK.
Date: Jul 29, 2014
Transaction Amount: $4,900,000
Cap Rate: 8.25%
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Sold!
Parties: Melanie Richardson
Location: 3902 College View Drive, Joplin, OK, 64801
Comments: Another successful multifamily closing! First Commercial Real Estate Services Corporation is pleased to announce the sale of Royal Orleans in Joplin, MO. This transaction produced a per unit price of $41,338.
Date: Jul 15, 2014
Transaction Amount: $5,250,000
Cap Rate: 8.50%
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Sold!
Parties: Melanie Richardson
Location: 1125-1127 S Quincy Ave, Tulsa, OK, 74120
Comments:
Date: May 29, 2014
Transaction Amount: $180,000
Cap Rate: 7.50%
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Contact
Location:
Tulsa, OK
Websites:
Phone Numbers:
Office:
(918) 495-1551
Email:
melanier@first-commercial.com
My Markets
Countries:
United States
Metro Areas:
Tulsa OK, Oklahoma City OK
Concentration Areas
Concentrations:
Property Management
Property Types:
MultiFamily Apartments, Condominium Development, Commercial Land Development, Multifamily Land
