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4140 SE Adams Rd 13,511 SF 100% Leased Office Building Bartlesville, OK 74006 $3,578,000 ($264.82/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Tulsa Bone & Joint has Been the Regional Leader in the Tulsa Area for Over 24 Years with 33 Physicians
- NNN Leases with Minimal Landlord Responsibilities Limited to Roof Replacement Only – Both Tenants Reimburse a 5% Management Fee Making this Truly Pass
- Highly Trafficked Area: Located Directly Off Two of the Most Heavily Trafficked Roads in Bartlesville (Combined 42,500 ADT)
- Nerve Renewal Neuropathy Clinic Signed a 10 Year Lease with 3% Annual Increases and is the Only Practice in the City Focused on Pain Management
- Sustainable, Below Market Rents for Medical Office Space
- 45 Miles from Downtown Tulsa: MSA Population of Over 1 Million
EXECUTIVE SUMMARY
Two-tenant healthcare property anchored by the largest orthopedic specialists in the Tulsa area with below market rents. The subject property offers easy access and ample parking within Adams Hills Office Park, just off SE Adams Road at the junction of Highway 75 / SE Washington Boulevard (25,000 ADT) and SE Adams Boulevard (17,500 ADT). It benefits from strong demographics, with more than 43,000 residents and an average household income above $85,000 within a 5-mile radius.
Adjacent uses include several medical office buildings (primary care, dental, home health), The Quarters Professional Center, and the headquarters of Diversified Systems Resources, a leading internet solutions and support firm recognized as a top local employer. Nearby retailers feature a top-performing Walmart Supercenter (#3 in Oklahoma by annual visits, per Placer.ai), Taco Bell (#6 in the state), Chevrolet, Braum’s Ice Cream, Arvest Bank, McDonald’s, Sherwin-Williams, 7 Brew Coffee, and Eastland Shopping Center, which includes Hobby Lobby, Planet Fitness, Chick-fil-A, and additional tenants.
The property lies approximately 1 mile from Ascension St. John Jane Phillips Medical Center, a 133-bed level III trauma facility with multiple accolades. It is roughly 3 miles from Bartlesville’s historic downtown and 5 miles from Bartlesville Municipal Airport, which provides full services for transient and local business aviation.
In Association with ParaSell, Inc. | A Licensed Oklahoma Real Estate Broker #183645
Adjacent uses include several medical office buildings (primary care, dental, home health), The Quarters Professional Center, and the headquarters of Diversified Systems Resources, a leading internet solutions and support firm recognized as a top local employer. Nearby retailers feature a top-performing Walmart Supercenter (#3 in Oklahoma by annual visits, per Placer.ai), Taco Bell (#6 in the state), Chevrolet, Braum’s Ice Cream, Arvest Bank, McDonald’s, Sherwin-Williams, 7 Brew Coffee, and Eastland Shopping Center, which includes Hobby Lobby, Planet Fitness, Chick-fil-A, and additional tenants.
The property lies approximately 1 mile from Ascension St. John Jane Phillips Medical Center, a 133-bed level III trauma facility with multiple accolades. It is roughly 3 miles from Bartlesville’s historic downtown and 5 miles from Bartlesville Municipal Airport, which provides full services for transient and local business aviation.
In Association with ParaSell, Inc. | A Licensed Oklahoma Real Estate Broker #183645
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
13,511 SF
Building Class
B
Year Built
2007
Price
$3,578,000
Price Per SF
$264.82
Cap Rate
7.50%
NOI
$268,334
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,511 SF
Building FAR
0.28
Lot Size
1.10 AC
Zoning
AA1
Parking
65 Spaces (4.81 Spaces per 1,000 SF Leased)
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4140 SE Adams Rd
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