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3617 N Meridian Ave 8,355 SF 100% Leased Office Building Oklahoma City, OK 73112 $835,000 ($99.94/SF) 8.10% Cap Rate
Executive Summary
This free-standing office building offers 8,355 sq ft of space, is 100% occupied by long-term tenants, and features below-market rents with annual increases. The property boasts a new roof (2022), recent HVAC upgrades, concrete parking, and easy access to Interstate 40 & 44. Priced at $835,000 with an 8% CAP rate and a net operating income of $67,664, this is a prime investment opportunity in a major Oklahoma City thoroughfare.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
8,355 SF
Building Class
B
Year Built
1981
Price
$835,000
Price Per SF
$99.94
Cap Rate
8.10%
NOI
$67,664
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,355 SF
Building FAR
0.28
Lot Size
0.69 AC
Zoning
O-2 - Office use
Parking
45 Spaces (5.39 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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Property Taxes
| Parcel Number | 145445605 | Improvements Assessment | $61,413 |
| Land Assessment | $13,140 | Total Assessment | $74,553 |
Property Taxes
Parcel Number
145445605
Land Assessment
$13,140
Improvements Assessment
$61,413
Total Assessment
$74,553
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3617 N Meridian Ave
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