4445 & 4545 North Lincoln Boulevard

Property Description

HISTORIC MID-CENTURY APARTMENTS Built in 1966 through 1968 and completely renovated in 2021, The Presley represents developer and architect Gardner-Tanenbaum’s $70+ million commitment to retain the classic design aesthetic of a Mid-century Modern hotel while creating a singular upscale living experience. Consisting of two principal buildings, The Tower and The Block, significant community improvements to 20+ amenity areas include unique courtyard entertainment spaces and grill areas, multiple media rooms and lounges, complimentary coworking spaces, and a marquee outdoor entertainment area surrounding the classic kidney-shaped swimming pool. Units at this Class A+ trophy asset have been completely reimagined with luxury upgrades to cabinets, countertops, appliances, designer fixtures and hardware, and premium faux wood floors throughout. OUTSTANDING LOCATION AND DEMOGRAPHICS Residents benefit from convenient access to the OKC Metro’s prime employment, retail, and nightlife; with over 6,700 businesses within a three-mile radius. Entertainment options within a short drive include more than 300 restaurants and bars, and the Bricktown entertainment district: home to bars and nightclubs, concert and entertainment venues, and the best casual and formal dining in Oklahoma City. The Presley’s residents are a three-minute drive to the Oklahoma State Capitol and numerous agency facilities. Immediately south of the State Capitol and a six-minute commute from the subject property, the Oklahoma City Innovation District is a dynamic business and research incubator home to organizations spanning Oklahoma’s diverse sectors – health, energy, aerospace, technology, research, academia, and more. The nearby Central Business District is the economic engine of Downtown Oklahoma City and is home to nearly 44,000 employees. 37.8% of residents within a three-mile radius of The Presley are Gen Z and Millennial ages 18 to 43 and trend white-collar (over 65%). Notable employment sectors include Healthcare (26.5%), Government (14.2%), and Educational Services (10.0%). Overall, the 124,023 employees within the three-mile radius represent nearly 18% of the total MSA workforce. OPPORTUNITIES FOR ADDITIONAL REVENUE Investors should take note that The Presley campus features a completely restored +/-5,000 sf office building which is ready for buildout as a corporate office or for lease as commercial space. Additionally, The Presley’s two parcels are zoned for mixed-use development under PUD 1527 and PUD 1741: creating a potential for additional development of unused acreage and underutilized parking areas. The Presley’s superb property condition, a superlative amenity set, advantageous location, and strong submarket fundamentals create a compelling opportunity for investors to enter or grow presence in the Oklahoma City multifamily marketplace.