3151 W Tecumseh Rd - Medical FOR SALE


Norman, OK 73072- Outer Norman
$4,500,000 USD
405-493-8102
3151 W Tecumseh Rd, Norman, OK for Sale
$4,500,000 USD
Medical - FOR SALE
1/12
null | Request Cap Rate

3151 W Tecumseh Rd
Norman, OK 73072
Outer Norman


HIGHLIGHTS

  • Cash-flowing modern medical/professional office, currently 50% leased with upside for owner occupancy or strategic leasing by a value-add investor.
  • Highly visible and easily accessible directly off I-35, with building and pylon signage offering exposure to over 17,000 passing vehicles each day.
  • Convenient access to premium amenities, including household-name shopping and dining brands, beautiful public parks, and highly rated golf courses.
  • Prime location in a dense medical hub, near Norman Regional Hospital as well as numerous private practices and assisted/senior living communities.
  • Lucrative investment submarket with rent growth outpacing greater OKC at 2.6% and more than $25.8 million in sales volume during the past 12 months.
  • Ground-floor spaces can be combined for a full-floor contiguous suite offering approximately 10,124 square feet for occupancy by a new owner.

OVERVIEW

Don’t miss the rare opportunity to acquire a cash-flowing, modern office facility boasting a prime location within an existing commercial hub immediately off Interstate 35 at 3151 W Tecumseh Road in Norman, Oklahoma. Currently 50% occupied, the property delivers existing income along with strong upside potential for owner occupancy or strategic leasing by a value-add investor. 3151 W Tecumseh Road was originally built in 2015 and comprises 20,249 square feet across two floors. The full first level is currently vacant, providing a valuable inroad for a new owner to quickly utilize the full ±10,000-square-foot space for their operations. Currently demised into four unique spaces, with two suites fully built-out and two in flexible shell condition, investors will also enjoy the potential to fill the vacancies separately and generate elevated revenue. All the suites boast large windows for great natural lighting and tall ceilings, and the finished suites are equipped with built-in cabinetry, stainless-steel appliances, private restrooms, and anti-scratch flooring. An easily accessible and highly visible location enhances appeal for tenants and investors at 3151 W Tecumseh Road, with placement directly off Interstate 35 on the Tecumseh Road commercial corridor. The interstate allows for shortened commutes from across the metro area, and the building is equipped with abundant on-site surface parking, reinforcing the location as a prime setting for businesses serving both local and regional clientele. Further enhancing tenant appeal, the location provides easy access to household-name shopping and dining brands, several beautiful public parks and golf courses, and the upscale Sooner Mall in under a 10-minute drive. Directly across the street, the Norman Regional Hospital serves as the epicenter of the region’s medical network, creating a strong leasing environment for synergistic businesses such as imaging centers, dental offices, dermatologists, and more. The University of Oklahoma is also less than 15 minutes away, offering the state’s only Doctor of Medicine degree program and more than 34,000 enrolled students. This creates a valuable workforce pipeline of ambitious and qualified new talent that allows for streamlined growth and expansion. Norman presents an attractive investment submarket for office properties, with substantial 12-month rent growth of 2.6% and construction volume that sits 86% below the 10-year average. This competitive submarket also provides excellent liquidity, with over 26 sales and $25.8 million in sales volume clerked over the past 12 months. Combining flexible, modern spaces in fully built-out and shell conditions with a prime location directly off Interstate 35, 3151 W Tecumseh Road offers users and investors the perfect inroad to enter or expand in this valuable commercial market. Property tours are by appointment only. Please contact the ROI Real Estate team today to schedule a tour and learn more about this incredible opportunity.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$222 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

216

LAND DETAILS

LAND ACRES

1.16 AC

LAND SF

50,530 SF

ZONING

O

APN/PARCEL ID

R0157967

ASK ABOUT THIS PROPERTY

Isaac ChristianROI Real Estate, LLCMore Info
405-493-8102

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Isaac ChristianROI Real Estate, LLCMore Info
405-493-8102

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