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701 Market Dr
Oklahoma City, OK 73114
Indian Health Services · Office Property For Sale

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EXECUTIVE SUMMARY

Opportunity to acquire a +/- 46,368 SF, single tenant GSA facility, fully leased to the Indian Health Service (IHS) in Oklahoma City with a new 10-year lease that commenced in June 2024. The subject property was originally constructed in 2008 as a build to suit for the IHS. This is the Headquarters location for the Rear Admiral who serves as the Director for the Oklahoma City IHS overseeing health services for tribes in Oklahoma, Kansas, and parts of Texas. The facility houses over 200 employees who are responsible for the administration of the Indian Health Service.
• Leases guaranteed by the full faith and credit of the United States of America
• New 10-year GSA lease commenced on 06/01/2024
• Energy Star Accredited Facility
• Built To Suit Construction - 2008

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
46,368 SF
Building Class
B
Year Built
2008
Price
$10,194,000
Price Per SF
$219.85
Cap Rate
7.50%
NOI
$764,589
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
23,184 SF
Building FAR
0.33
Lot Size
3.22 AC
Zoning
PUD - Planned Urban Development
Parking
200 Spaces (4.31 Spaces per 1,000 SF Leased)

AMENITIES

  • Energy Star Labeled

SUSTAINABILITY

Energy Star Certified
81
ENERGY STAR certified buildings save energy and help protect the environment.

SUSTAINABILITY

ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
207981090
Land Assessment
$77,032
Improvements Assessment
$588,918
Total Assessment
$665,950
  • Listing ID: 36681412

  • Date on Market: 7/10/2025

  • Last Updated:

  • Address: 701 Market Dr, Oklahoma City, OK 73114

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