Bridgeport
400 Squires Landing Boulevard
Stillwater, OK 74074
Description
Newmark is pleased to present an outstanding opportunity to acquire Bridgeport in Stillwater, Oklahoma.
Located less than three miles west of Oklahoma State University and downtown Stillwater, the subject property enjoys ideal access to the main OSU campus, primary and secondary schools, top area employers, and the best of area retail and nightlife. Student and employee residents live within walking distance of community mass transit, affording car-free commutes to campus, healthcare, and employment. Bridgeport’s apartment and townhome units feature fully equipped kitchens, large open living and dining areas, and ample closet space. Most units feature faux-wood flooring in common areas and bathroom(s), with washer/dryer connections and fireplaces in select units; all units are prewired for broadband. Bridgeport’s community amenities include a 24-hour laundry center, dog park, package service, and a spacious greenbelt setting featuring a community lake.
Superb Property and Market Fundamentals
– Well-maintained asset featuring expansive landscaped grounds, community lake and desirable amenities
– Value-add opportunity with substantial market-proven upside
– Advantageous location on West 6th Avenue / Highway 51 provides easy access to Oklahoma State University, major employers and recreation
– 3.3% average year-end rent growth and 93.5% average year-end occupancy forecasted for privately-owned Stillwater multifamily assets (RealPage)
– No new on- or off-campus housing currently under development
Less Than Three Miles from Oklahoma State University
– Power Four institution with record-breaking fall 2024 enrollment and the largest freshman class in university history: an 8% year-over-year increase
– Onsite campus-area mass transit stop provides resident transportation to campus at 30-minute intervals
– Walking distance to grocery, casual dining, and convenience stores
Bridgeport Apartments
