5100 E Skelly Dr - Office FOR SALE


Tulsa, OK 74135- Stevenson
$9,500,000 USD
918-392-7268
5100 E Skelly Dr, Tulsa, OK for Sale
$9,500,000 USD
Office - FOR SALE
1/22
null | Request Cap Rate

5100 E Skelly Dr
Tulsa, OK 74135
Stevenson


HIGHLIGHTS

  • Located in the highly regarded South Tulsa office submarket with direct access to Interstate 44.
  • 10-story Class A office asset with approximately 205,891 rentable square feet and a strong parking ratio.
  • Substantial capital investments of over $5 million, including major building systems and elevator modernization in 2023.
  • Renovated common areas and a contemporary two-story lobby with modern finishes.
  • Four-level parking structure supplemented by ample surface parking for tenant convenience.
  • Positioned near established business districts and core retail amenities supporting strong leasing fundamentals.

OVERVIEW

Meridian Tower represents a rare value-add investment opportunity in South Tulsa’s established office submarket. This 10-story Class A property delivers an attractive combination of modern design, functional infrastructure, and significant upside potential. Centrally positioned along Interstate 44, the property offers strong visibility and convenient regional access, reinforcing its appeal for corporate occupiers and professional service firms. The tower has undergone more than $5 million in improvements, including major building system upgrades, chiller replacement, and a comprehensive elevator modernization completed in 2023. Its distinctive dual-pane glass façade and refreshed two-story lobby create an impressive arrival experience, while the four-level parking garage supports robust tenant demand with a favorable ratio. Investors will benefit from the ability to capture upside through an aggressive leasing strategy at a new cost basis, leveraging one of Tulsa’s most dynamic suburban office markets. With consistent improvement history, ample on-site parking, and proximity to key business hubs, Meridian Tower aligns stability with scalable growth opportunity.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Meridian Tower

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

10

BUILDING CLASS

A

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

730

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

OMH

APN/PARCEL ID

00965-93-27-10330

ASK ABOUT THIS PROPERTY

Bob PielstickerCBRE, Inc.More Info
918-392-7268

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Bob PielstickerCBRE, Inc.More Info
918-392-7268

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