2222 W Iowa Ave - Medical FOR SALE


Chickasha, OK 73018
$8,700,000 USD
405-426-2206
2222 W Iowa Ave, Chickasha, OK for Sale
$8,700,000 USD
Medical - FOR SALE
1/38
null | 8.97% Cap Rate

2222 W Iowa Ave
Chickasha, OK 73018


HIGHLIGHTS

  • Fully accredited surgical center
  • Rolls Royce generator
  • National, long term sublease tenants
  • 48,869 sq ft Health Care facility
  • Digitally controlled for optimized climate control
  • MRI, Laboratory, X-ray machine

OVERVIEW

This is a rare opportunity to acquire a state-of-the-art, fully compliant healthcare facility totaling approximately 48,869 square feet, strategically zoned H-1 for medical use and in proximity to other medical facilities, including Five Oaks Medical Group, enhancing its appeal for healthcare-related businesses. The parking ratio is 1.83 spaces per 1,000 SF providing ample patient and staff parking. The building is equipped with 18 five-ton package units, the climate can be optimized through digital control. The roof is made of TPO material and was replaced in 2015. It is Fire marshal compliant with hard-wired fire alarms, with a dedicated exterior door to the fire riser room. The property also offers a second, interior fire riser suppression system if expansion is desired. LED lighting has replaced the old ballast fluorescent lights. On-site facility amenities will include a security camera system, an MTU Rolls Royce backup generator with a 300-gallon diesel tank, and two Tesla charging stations. The medical infrastructure offers Two fully equipped operating rooms, pre-op, and recovery areas. A laboratory with analyzer. Imaging Suite featuring X-ray and MRI machines. Additional amenities to the facility on the lower level offer a retrofitted Physical Therapy service center as well as a child care center, both ready for occupancy. The lower level also offers living quarters for medical staff on a ‘need’ Sub Lease tenants: $17 sq ft, with a 1.15% load factor. Care First holds a master lease with the tenants listed below. The transaction will assume rental income on a NNN lease. The Seller will sign a 10-year lease back at $65,000.00 month.

FOR SALE DETAILS

PRICE

$8,700,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

8.97%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Southern Plains Assoc.

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

320

LAND DETAILS

LAND ACRES

11.44 AC

LAND SF

498,326 SF

ZONING

H-1

APN/PARCEL ID

0000-29-07N-07W-3-005-00

ASK ABOUT THIS PROPERTY

Tami ZumMallenCentury 21 First Choice RealtyMore Info
405-426-2206

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Tami ZumMallenCentury 21 First Choice RealtyMore Info
405-426-2206

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