907 S Detroit Ave - Office FOR SALE


Tulsa, OK 74120- East Village
$14,500,000 USD
918-857-5764
907 S Detroit Ave, Tulsa, OK for Sale
$14,500,000 USD
Office - FOR SALE
1/11
null | 8.79% Cap Rate

907 S Detroit Ave
Tulsa, OK 74120
East Village


HIGHLIGHTS

  • Solid downtown visibility and access
  • $58 per SF - significantly below current replacement cost
  • Established tenant base providing predictable cash flow

OVERVIEW

The Sun Building is a 14-story, 249,346 SF office tower located in the core of Downtown Tulsa. The property offers an attractive combination of stable in-place income and upside potential through additional lease-up and light repositioning. Generating approximately $1.275 million in annual NOI, the asset is being considered for sale at $14.5 million, representing an 8.8% cap rate and an exceptional $58 per square foot basis, well below replacement cost. The building features efficient floorplates, strong natural light, and established tenants providing consistent cash flow. Positioned within Tulsa’s central business district, the property benefits from excellent visibility, accessibility, and proximity to major downtown employers, retail, and entertainment. This opportunity offers investors a compelling in- place yield with potential for further value creation in one of the Midwest’s most accessible and improving urban office markets.

FOR SALE DETAILS

PRICE

$14,500,000 USD

PRICE/SF

$58 USD /SF

CAP RATE

8.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Sun Building

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

14

BUILDING CLASS

B

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,613 SF

ZONING

CBD

APN/PARCEL ID

00500-92-01-43240,00500-92-01-43260,00500-92-01-43270

ASK ABOUT THIS PROPERTY

Ethan ElbertSVN | Oak Realty AdvisorsMore Info
918-857-5764

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Ethan ElbertSVN | Oak Realty AdvisorsMore Info
918-857-5764

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