First Commercial Real Estate Services sold 16 units of the Cedar Springs Lane Townhomes in Oklahoma City.
The 25-unit townhome community consists of one- and two-story buildings built in 1974. The 16 units sold for $1.4 million.
The buyer, Monticello Real Estate, LLC, is a local real estate investor.
Melanie Richardson and Mike Marrara of First Commercial Real Estate Services Corporation represented Esperanza Real Estate Investments, the seller, in this transaction.