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Bank-Owned Multi-Tenant Office | Turnkey 4641 S Braden Ave 6,032 SF Vacant Office Building Online Auction Sale Tulsa, OK 74135
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- 4641 S Braden Avenue presents a multi-tenant, two-story office spanning 6,032 square feet in the South Central Submarket.
- Immense upside via the recently fully renovated interiors, presenting 16 private offices in turnkey condition, ready for market-rate rental income.
- 5-mile demographics confirm a stabilized realm with more than a quarter having a bachelor’s degree or higher, and the AHHI is just shy of $80K.
- Outside of Downtown Tulsa, off Interstate 44 for prime visibility and accessibility, approximately 10 miles from Tulsa International Airport.
- University of Tulsa and Oral Roberts University are on either side of the subject location, generating a robust and educated workforce in the area.
- Office has been occupied by the professional, scientific, and technical services, retail, wholesale, finance, and public administration industries.
EXECUTIVE SUMMARY
Realty One Group Dreamers presents the institutionally owned office asset with future upside at 4641 S Braden Avenue in the South Central Submarket of Tulsa, Oklahoma. The 6,032-square-foot building has been fully renovated and is presented in move-in-ready condition. The space is divided into four functional quads for flexible use, featuring 16 private offices, five large reception areas, a mini kitchen, multiple public restrooms, and 9-foot ceiling heights. With modern finishes, ample on-site parking, and strong accessibility, this property is ideal for an owner/user or as an investment opportunity.
The multi-tenant office building sits on a 0.29-acre lot just off Interstate 44 near Yale Avenue. It is exposed to more than 100,000 vehicles daily on the busy interstate. Interstates 244 and 444 encircle the metro’s downtown area, allowing easy travel to Tulsa's surrounding suburbs and Oklahoma City. The University of Tulsa (TU) and the Oral Roberts University (ORU) campuses are equidistant from the office, presenting a strong labor force in the immediate area. The largest majors at TU include biology, computer science, and business administration, and the largest at ORU include business management, marketing, and health professions.
Tulsa's office market is steady, as demand has shown resiliency over the past year. The city's economy has continued to diversify in recent years, with notable tenants in sectors such as healthcare, aviation, and technology. With stable demand, market rents continue to rise, growing 1.9% over the past 12 months. Market asking rents come in at $19.00/per square foot, slightly below neighboring Oklahoma City, with rents of $20/per square foot. Population growth has been steady, driven by Tulsa's affordability relative to coastal metros and its investments in livability.
Inquire today to learn more about this prime asset well-positioned within the resilient and evolving Tulsa market.
Property tours are available by appointment only. Please contact the broker to schedule.
The multi-tenant office building sits on a 0.29-acre lot just off Interstate 44 near Yale Avenue. It is exposed to more than 100,000 vehicles daily on the busy interstate. Interstates 244 and 444 encircle the metro’s downtown area, allowing easy travel to Tulsa's surrounding suburbs and Oklahoma City. The University of Tulsa (TU) and the Oral Roberts University (ORU) campuses are equidistant from the office, presenting a strong labor force in the immediate area. The largest majors at TU include biology, computer science, and business administration, and the largest at ORU include business management, marketing, and health professions.
Tulsa's office market is steady, as demand has shown resiliency over the past year. The city's economy has continued to diversify in recent years, with notable tenants in sectors such as healthcare, aviation, and technology. With stable demand, market rents continue to rise, growing 1.9% over the past 12 months. Market asking rents come in at $19.00/per square foot, slightly below neighboring Oklahoma City, with rents of $20/per square foot. Population growth has been steady, driven by Tulsa's affordability relative to coastal metros and its investments in livability.
Inquire today to learn more about this prime asset well-positioned within the resilient and evolving Tulsa market.
Property tours are available by appointment only. Please contact the broker to schedule.
MATTERPORT 3D TOUR
3D Tour of Turnkey Renovated Office Space
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Purchase Agreement
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
6,032 SF
Building Class
B
Year Built
1979
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,016 SF
Slab To Slab
9’
Building FAR
0.48
Lot Size
0.29 AC
Parcel Number
06450-93-27-00490
Zoning
CS - Commercial-Service
Parking
15 Spaces (2.49 Spaces per 1,000 SF Leased)
AMENITIES
- Reception
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
10,205
90,209
255,391
2020 Population
9,565
88,631
253,169
2029 Population
10,663
93,471
264,150
2024-2029 Projected Population Growth
4.5%
3.6%
3.4%
Daytime Employees
9,943
72,175
184,372
Total Businesses
1,754
10,384
22,648
Average Household Income
$82,091
$84,610
$78,244
Median Household Income
$60,617
$57,980
$54,195
Total Consumer Spending
$133.6M
$1.2B
$3B
Median Age
39.5
40.3
37.0
2024 Households
4,834
41,372
112,256
Percent College Degree or Above
26%
24%
21%
Average Home Value
$233,281
$273,100
$254,807
SALE ADVISORS
SALE ADVISORS
Ryan Matthews, Broker
Ryan Matthews is a Commercial Broker at Realty One Group since 2022, specializing in commercial retail spaces. With a focus on retail property, and retail ground/build-to-suit leases. Ryan brings extensive experience and expertise to his clients.
Joanna Ford, Realtor
Originally hailing from the village of Amityville on Long Island, New York, it may seem unexpected to find me in Broken Arrow, Oklahoma. However, when my father, a retired New York City police officer, sought a serene place to raise our family, he discovered the charm of Broken Arrow. I consider myself fortunate to have grown up and continued to reside in this splendid city that holds a dear place in my heart.
After graduating from Broken Arrow High School, I pursued a pharmacy degree, While I initially aspired to become a pharmacist, life had different plans in store for me. I embarked on a new journey when I married and welcomed my daughter, Shelby, into the world. At the age of 24, I purchased my first home, an experience that ignited a profound fascination with the real estate industry.
After graduating from Broken Arrow High School, I pursued a pharmacy degree, While I initially aspired to become a pharmacist, life had different plans in store for me. I embarked on a new journey when I married and welcomed my daughter, Shelby, into the world. At the age of 24, I purchased my first home, an experience that ignited a profound fascination with the real estate industry.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Kevin Loudy
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr 149227
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Bank-Owned Multi-Tenant Office | Turnkey | 4641 S Braden Ave
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