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5100 E Skelly Dr
Tulsa, OK 74135
Meridian Tower · Office Property For Sale
Investment Highlights
- Located in the highly regarded South Tulsa office submarket with direct access to Interstate 44.
- Substantial capital investments of over $5 million, including major building systems and elevator modernization in 2023.
- Four-level parking structure supplemented by ample surface parking for tenant convenience.
- 10-story Class A office asset with approximately 205,891 rentable square feet and a strong parking ratio.
- Renovated common areas and a contemporary two-story lobby with modern finishes.
- Positioned near established business districts and core retail amenities supporting strong leasing fundamentals.
Executive Summary
Meridian Tower represents a rare value-add investment opportunity in South Tulsa’s established office submarket. This 10-story Class A property delivers an attractive combination of modern design, functional infrastructure, and significant upside potential. Centrally positioned along Interstate 44, the property offers strong visibility and convenient regional access, reinforcing its appeal for corporate occupiers and professional service firms.
The tower has undergone more than $5 million in improvements, including major building system upgrades, chiller replacement, and a comprehensive elevator modernization completed in 2023. Its distinctive dual-pane glass façade and refreshed two-story lobby create an impressive arrival experience, while the four-level parking garage supports robust tenant demand with a favorable ratio.
Investors will benefit from the ability to capture upside through an aggressive leasing strategy at a new cost basis, leveraging one of Tulsa’s most dynamic suburban office markets. With consistent improvement history, ample on-site parking, and proximity to key business hubs, Meridian Tower aligns stability with scalable growth opportunity.
The tower has undergone more than $5 million in improvements, including major building system upgrades, chiller replacement, and a comprehensive elevator modernization completed in 2023. Its distinctive dual-pane glass façade and refreshed two-story lobby create an impressive arrival experience, while the four-level parking garage supports robust tenant demand with a favorable ratio.
Investors will benefit from the ability to capture upside through an aggressive leasing strategy at a new cost basis, leveraging one of Tulsa’s most dynamic suburban office markets. With consistent improvement history, ample on-site parking, and proximity to key business hubs, Meridian Tower aligns stability with scalable growth opportunity.
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
209,004 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1982/2018
Price
$9,500,000
Price Per SF
$45.45
Percent Leased
47%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
20,900 SF
Slab To Slab
10’
Building FAR
1.48
Lot Size
3.24 AC
Zoning
OMH - MEDIUM-HIGH DENSITY OFFICE DISTRICT
Parking
730 Spaces (3.49 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Controlled Access
- Conferencing Facility
- Fitness Center
- Property Manager on Site
- Restaurant
- Security System
- Signage
- Storage Space
- Natural Light
- Partitioned Offices
- Reception
- Recessed Lighting
- Shower Facilities
- Drop Ceiling
- Air Conditioning
Property Taxes
| Parcel Number | 00965-93-27-10330 | Improvements Assessment | $1,211,243 |
| Land Assessment | $108,757 | Total Assessment | $1,320,000 |
Property Taxes
Parcel Number
00965-93-27-10330
Land Assessment
$108,757
Improvements Assessment
$1,211,243
Total Assessment
$1,320,000
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