4345 N Lincoln Blvd - Office FOR SALE


Oklahoma City, OK 73105- Northeast Oklahoma City
$23,725,000 USD
859-907-2006
4345 N Lincoln Blvd, Oklahoma City, OK for Sale
$23,725,000 USD
Office - FOR SALE
1/3
null | 8% Cap Rate

4345 N Lincoln Blvd
Oklahoma City, OK 73105
Northeast Oklahoma City


HIGHLIGHTS

  • Backed by the State of Oklahoma, the tenant carries an AA+ credit rating from S&P and Fitch.
  • Over $8,000,000 in Direct Tenant Improvements Funded by StateBacked by the State of Oklahoma, the tenant carries an AA+ credit rating from S&P
  • Tenant Required by Law to be within 5-mile Radius of State Capitol Building
  • Oklahoma City is the 8th most populous city in the southern U.S. (1,469,124 MSA Population)
  • ???????~8 Year Base Lease Term with 10 Years of Options

OVERVIEW

The Ficke Team of Colliers is pleased to present the exclusive investment opportunity to acquire the State of Oklahoma Campus located at 4345 N. Lincoln Boulevard in Oklahoma City, OK.  The State of Oklahoma Campus offers investors over 154,085 square feet of office space and is 100% leased to the Oklahoma Healthcare Authority (OHCA), Oklahoma Department of Corrections (DOC or ODOC),  Oklahoma Pardon and Parole Board, and the Oklahoma Department of Mental Health and Substance Abuse Services (ODMHSAS) providing investors with a premium credit investment vehicle (S&P & Fitch AA+).   Originally serving as a Hotel & Conference center, the State of Oklahoma Campus was fully renovated and redeveloped in 2014 by renowned Oklahoma City developer, Gardner Tanenbaum Holdings.  The property was built to the unique specifications and requirements of the State of Oklahoma which included a direct investment of over $8,000,000 to fund significant Tenant Improvements further illustrating the state’s commitment to this location and agency.   Oklahoma legislature requires that the tenant is geographically located within a 5 mile radius of the State Capitol Building which is conveniently positioned 2 miles to the South from the State of Oklahoma Campus.  This strategic, state-selected location ensures investors will realize significant long-term benefits through the significant capital commitments demonstrated by the state and the continued growth of the OHCA as evidenced by the passage of ‘State Question 802’ on June 30th, 2020, which has expanded Oklahoma’s Medicaid coverage to over 428,000 additional Oklahomans since taking effect. ??????? Oklahoma City, officially the City of Oklahoma City, and often shortened to OKC, is the capital and most populous city of the U.S. state of Oklahoma. The county seat of Oklahoma County, it ranks 20th among United States cities in population and is the 8th largest city in the Southern United States. Oklahoma City–Shawnee Combined Statistical Area had a population of 1,469,124, making it Oklahoma’s largest municipality and metropolitan area by population.

FOR SALE DETAILS

PRICE

$23,725,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oklahoma Health Care Authority

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

800

LAND DETAILS

LAND ACRES

11.65 AC

LAND SF

507,474 SF

ZONING

C-3

APN/PARCEL ID

133209000

ASK ABOUT THIS PROPERTY

Geoff FickeColliersMore Info
859-907-2006

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Geoff FickeColliersMore Info
859-907-2006

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