5700 N Portland Ave - Medical FOR SALE


Oklahoma City, OK 73112- West Oklahoma City
$4,325,000 USD
405-819-1638
5700 N Portland Ave, Oklahoma City, OK for Sale
$4,325,000 USD
Medical - FOR SALE
1/16
null | 7.53% Cap Rate

5700 N Portland Ave
Oklahoma City, OK 73112
West Oklahoma City


OVERVIEW

Portland Plaza presents a compelling opportunity to acquire a strategically located 37,914 SF office/medical investment property in Northwest Oklahoma City’s established medical corridor, immediately south of Northwest Expressway with convenient access to Interstate 44 and adjacent to Integris Health Baptist Medical Center. The Property is currently 82% occupied and anchored by a stable mix of medical and office tenants, including Oklahoma City Indian Clinic, United Systems, and INTEGRIS Wound Care, providing in-place cash flow with additional upside through the lease-up of approximately 6,830 SF of move-in ready vacancy and a potential outparcel/pad site opportunity. Since acquiring the Property in 2015, ownership has made substantial capital improvements, including major HVAC upgrades, remote building monitoring systems, security enhancements, $110,000+ in elevator improvements, and a new TPO roof section, positioning the asset for continued long-term performance with reduced future capital needs.

FOR SALE DETAILS

PRICE

$4,325,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

7.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portland Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

126

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,790 SF

ZONING

O-2

APN/PARCEL ID

149841010

ASK ABOUT THIS PROPERTY

Eric WilliamsMcGee Commercial Real EstateMore Info
405-819-1638

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Eric WilliamsMcGee Commercial Real EstateMore Info
405-819-1638

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