900 N Porter Ave - Medical FOR SALE
Norman, OK 73071 |
900 N Porter Ave
Norman, OK 73071
HIGHLIGHTS
- On Campus Medical Office – The facility is part of the Norman Regional Hospital Porter Campus, which has been approved to be redeveloped
- The synergy of the on-campus location creates a highly valuable referral source and environment for any future tenant
- The Physicians & Surgeons building is leased to a diverse mix of local, regional and national medical office users.
- offers the new ownership recession-proof stability with exceptional future upside upon the lease-up of vacant suites and increase in occupancy
- With an average weighted lease terming of north of 3 years, new ownership could unlock significant value in leasing up the remaining 10 spaces.
- Significant Recent Lease-up Activity – Ownership has recently executed long-term leases in multiple suites, equating to north of 15% of the property
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
11.23% Cap Pro-Forma MOB | $91.08PPSF
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Day Care Center, Drug Store, Office/Residential
TOTAL BUILDING SIZE
38000
STORIES
3
BUILDING CLASS
B
YEAR BUILT
1971
SPRINKLERS
-
PARKING SPACES
250
LAND DETAILS
LAND ACRES
2.37 AC AC
LAND SF
103,237 SF
ZONING
-
APN/PARCEL ID
R0035278,R0087194,R0087195
