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2220 NW 164th St
Edmond, OK 73013
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Stabilized Income Asset
- High Visibility & Access
- Modern Construction & Class B Rating
- Prime Edmond Location
- Low Vacancy Submarket
- Excellent Parking
EXECUTIVE SUMMARY
This is an exceptional opportunity to acquire a Class B Office asset for $2,700,000, located in the highly desirable Penn Pointe Office Park in Edmond. The property is uniquely positioned as a potential stabilized investment or future owner-user headquarters.
Key Investment & Market Highlights:
Income Stabilization: The building is currently occupied by a major tenant, Monarch Behavioral Therapy, providing an immediate, reliable income stream and significantly mitigating lease-up risk for the new owner.
Affluent Demographics: Located in the affluent Edmond (ZIP 73013) submarket, which boasts a high median household income of $\$108,727$ and an educated workforce, with $58.9\%$ of residents holding at least a college degree, ensuring a high-quality client and employee base.
High Visibility & Access: Strategically located near NW 164th St. & N. Pennsylvania, the property offers superior regional access to the Kilpatrick Turnpike and Lake Hefner Parkway, benefiting from strong area traffic counts (major Edmond intersections have counts up to 20,185 vehicles per day).
Low Vacancy Submarket: The Edmond office submarket features a highly attractive 9.60% vacancy rate, substantially outperforming the overall Oklahoma City average, underscoring the asset's long-term marketability.
Asset Quality & Flexibility: Built in 2015 with a Class B rating, the property is well-maintained and features a robust 4.4 spaces per 1,000 SF parking ratio.
Key Investment & Market Highlights:
Income Stabilization: The building is currently occupied by a major tenant, Monarch Behavioral Therapy, providing an immediate, reliable income stream and significantly mitigating lease-up risk for the new owner.
Affluent Demographics: Located in the affluent Edmond (ZIP 73013) submarket, which boasts a high median household income of $\$108,727$ and an educated workforce, with $58.9\%$ of residents holding at least a college degree, ensuring a high-quality client and employee base.
High Visibility & Access: Strategically located near NW 164th St. & N. Pennsylvania, the property offers superior regional access to the Kilpatrick Turnpike and Lake Hefner Parkway, benefiting from strong area traffic counts (major Edmond intersections have counts up to 20,185 vehicles per day).
Low Vacancy Submarket: The Edmond office submarket features a highly attractive 9.60% vacancy rate, substantially outperforming the overall Oklahoma City average, underscoring the asset's long-term marketability.
Asset Quality & Flexibility: Built in 2015 with a Class B rating, the property is well-maintained and features a robust 4.4 spaces per 1,000 SF parking ratio.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,454 SF
Building Class
B
Year Built
2015
Price
$2,700,000
Price Per SF
$495.05
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,454 SF
Building FAR
0.24
Lot Size
0.52 AC
Zoning
CO
Parking
24 Spaces (4.4 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Central Heating
- Outdoor Seating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 211851010 | Improvements Assessment | $98,175 |
| Land Assessment | $19,800 | Total Assessment | $117,975 |
PROPERTY TAXES
Parcel Number
211851010
Land Assessment
$19,800
Improvements Assessment
$98,175
Total Assessment
$117,975
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