2220 NW 164th St - Office FOR SALE


Edmond, OK 73013- Northwest Oklahoma City
$2,350,000 USD
405-330-0009
2220 NW 164th St, Edmond, OK for Sale
$2,350,000 USD
Office - FOR SALE
1/118
null | Request Cap Rate

2220 NW 164th St
Edmond, OK 73013
Northwest Oklahoma City


HIGHLIGHTS

  • Stabilized Income Asset
  • Prime Edmond Location
  • High Visibility & Access
  • Low Vacancy Submarket
  • Modern Construction & Class B Rating
  • Excellent Parking

OVERVIEW

This is an exceptional opportunity to acquire a Class B Office asset for $2,700,000, located in the highly desirable Penn Pointe Office Park in Edmond. The property is uniquely positioned as a potential stabilized investment or future owner-user headquarters. Key Investment & Market Highlights: Income Stabilization: The building is currently occupied by a major tenant, Monarch Behavioral Therapy, providing an immediate, reliable income stream and significantly mitigating lease-up risk for the new owner. Affluent Demographics: Located in the affluent Edmond (ZIP 73013) submarket, which boasts a high median household income of $\$108,727$ and an educated workforce, with $58.9\%$ of residents holding at least a college degree, ensuring a high-quality client and employee base. High Visibility & Access: Strategically located near NW 164th St. & N. Pennsylvania, the property offers superior regional access to the Kilpatrick Turnpike and Lake Hefner Parkway, benefiting from strong area traffic counts (major Edmond intersections have counts up to 20,185 vehicles per day). Low Vacancy Submarket: The Edmond office submarket features a highly attractive 9.60% vacancy rate, substantially outperforming the overall Oklahoma City average, underscoring the asset's long-term marketability. Asset Quality & Flexibility: Built in 2015 with a Class B rating, the property is well-maintained and features a robust 4.4 spaces per 1,000 SF parking ratio.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

CO

APN/PARCEL ID

211851010

ASK ABOUT THIS PROPERTY

Sabih KalidyKalidy, LLCMore Info
405-330-0009

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Sabih KalidyKalidy, LLCMore Info
405-330-0009

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