Enhanced investment opportunity: Located in the downtown Tulsa Cathedral District, an area pre-approved for activating a Tax Increment Financing District (TIF). With proper planning and execution, this would increase the financial stability and enhance the overall capital stack of the development, as the purchaser would be able to capture roughly 86% of all newly created property and sales tax revenue and reinvest it within the project area.
Prospective buyers are required to submit proof of funds or pre-approval for financing along with their offer in order to demonstrate their ability to complete a transaction of this magnitude. Documentation must demonstrate the existence of sufficient funds or credit availability to proceed with the purchase prior to submitting an offer.