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2220 NW 164th St 5,454 SF Office Building Edmond, OK 73013 $2,350,000 ($430.88/SF)
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
$2,350,000
Price Per SF
$430.88
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
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Monarch Behavioral Therapy
- Health Care and Social Assistance
- -
- -
- -
Their experience enables them to offer effective outpatient, individualized care and support for mental health. They treat a variety of mental health disorders and provide a neutral, supportive environment for individuals, families, and couples. Their focus is on helping individuals heal, feel empowered, and become more aware of their inner strengths. This is achieved by offering a safe, nonjudgmental space, actively listening to concerns, and tailoring treatment plans to meet each person’s unique needs. They are committed to being present throughout each step of the healing journey. Their goal is to help individuals grow from their struggles, heal from pain, and move forward toward the life they envision.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Monarch Behavioral Therapy | Health Care and Social Assistance | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 211851010 | Improvements Assessment | $136,180 |
| Land Assessment | $19,800 | Total Assessment | $155,980 |
Property Taxes
Parcel Number
211851010
Land Assessment
$19,800
Improvements Assessment
$136,180
Total Assessment
$155,980
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2220 NW 164th St
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