114-120 E Sheridan Ave - Office FOR SALE


Oklahoma City, OK 73104- Bricktown
$400,000 USD
301-706-4619
114-120 E Sheridan Ave, Oklahoma City, OK for Sale
$400,000 USD
Office - FOR SALE
1/59
null | Request Cap Rate

114-120 E Sheridan Ave
Oklahoma City, OK 73104
Bricktown


HIGHLIGHTS

  • STARTING BID $400,000 | Value Add Oklahoma City Office | 46,054 SF | 18.75% Occupied | AUCTION NOVEMBER 2-4
  • Distinctive Bricktown Value-Add Office Three interconnected former warehouse buildings total 46,054 SF in downtown Oklahoma City.
  • Current Occupancy Creates Leasing Upside With 8,635 SF occupied, substantial vacancy provides clear runway to expand revenue and NOI.
  • Flexible Suites for Multiple Tenant Types Twenty-seven units and varied layouts support incremental absorption by small and midsize users.
  • Expanding Urban Customer and Labor Base 14% Population Growth from 2020-2025 and 4.55% Growth Projected from 2025-2030 (3-Mile).
  • Walkable Downtown Transit Connectivity Streetcar stops, Santa Fe Hub and Amtrak service are all located within approximately 0.3 mile.

OVERVIEW

Brokered by Marcus & Millichap, Bricktown Central, located at 114-120 East Sheridan Avenue in the heart of Oklahoma City’s Bricktown district is a 46,054-square-foot value-add office offered significantly below replacement cost, creating an exceptional opportunity for investors/owners to acquire a highly visible downtown office asset. The asset comprises three interconnected early-1900s warehouse buildings with masonry construction, skylit common areas, garden-style entrances and a flexible mix of 27 suites. The property is 18.75% occupied, with 8,635 square feet leased, creating substantial runway for lease-up, repositioning and improved operating performance. Bricktown Central is surrounded by hotels, restaurants, entertainment venues and major downtown employers, with convenient access to I-40 and I-235. The property is approximately 0.2 mile from the Ballpark streetcar stop and Santa Fe Hub and 0.3 mile from the Oklahoma City Amtrak station, connecting it to the broader downtown area and regional transportation network. The Oklahoma Health Center, State Capitol and planned Continental Coliseum further reinforce the location’s long-term demand drivers. With distinctive historic character, flexible tenant configurations and significant existing vacancy, the offering provides investors a clear value-add opportunity in one of Oklahoma City’s most recognizable urban districts.

FOR SALE DETAILS

PRICE

$400,000 USD

PRICE/SF

$10 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction - Value Add OKC Office | 46K SF

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

BC, DSHA

APN/PARCEL ID

020027450

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adam SklaverMarcus & MillichapMore Info
301-706-4619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.