310 S Highland Ave - Health Care FOR SALE


Oklahoma City, OK 73110
$1,256,000 USD
918-794-9787
310 S Highland Ave, Oklahoma City, OK for Sale
$1,256,000 USD
Health Care - FOR SALE
1/5
null | 10.19% Cap Rate

310 S Highland Ave
Oklahoma City, OK 73110


HIGHLIGHTS

  • Recession- and Pandemic-Resistant Asset
  • Strong Parent Company | S&P: BBB-, $19.55B Revenue
  • Rent Growth | 2% Annually
  • Recent Lease Extension | Brings to a 27-year operating history
  • Minimal Landlord Responsibilities
  • Near Regional Hospital, SSM Health St. Anthony's Hospital - Midwest, in Top 50 MSA

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single-tenant medical clinic located in Midwest City, OK (the “Property”). The Property consists of 1.18 acres and a 8,000-square-foot medical clinic that was built to the exact specifications of the Tenant’s design and building standards in 1999. The Property is located on South Highland Avenue just off Reno Avenue which sees 23,773 vehicles per day. There are nearly 122,000 people living in the five-mile radius earning more than $69,000 per year in average household income within a one-mile radius. The Tenant completed construction in 1999 and strategically selected this site to grow its presence in the Midwest City market. The Tenant recently extended the lease for an additional Two (2) years expiring August 31, 2026, making their operating history 27 years at this location.

FOR SALE DETAILS

PRICE

$1,256,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

10.19%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresenius

PROPERTY TYPE

Health Care

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

O-2

APN/PARCEL ID

150601800

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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