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7720 NW 85th Ter
Oklahoma City, OK 73132
Customer Care Center · Office Property For Sale
Investment Highlights
- 100% Leased to Epic Charter Schools, one of Oklahoma’s largest public charter school systems.
- Annual lease ratification tied to legislative funding.
- Purpose-selected facility, consolidating multiple locations.
- Long-term lease extending through June 30, 2037, with annual rent increases –approx. 1.2% annually.
- 2.88 AC of expansion land available to purchase
- Building Generator – 500KW Cummins Onan Generator
Executive Summary
Single-tenant investment opportunity featuring a 35,862 SF office/flex facility fully leased to EPIC Charter Schools, Oklahoma’s largest public virtual charter school. Offered at $6,675,000 based on a 7.52% capitalization rate. The absolute NNN lease has a stated term through June 30, 2037, with annual rent increases and is subject to annual mutual ratification following confirmation of state funding. The property benefits from 462 parking spaces through on-site parking and a recorded cross-access and parking agreement, providing an exceptional ratio of 12.9 spaces per 1,000 SF. An adjoining 2.88-acre tract is also available separately for approximately $375,000, offering future expansion or additional development potential. Contact broker for the offering memorandum and financial information.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
35,862 SF
Building Class
A
Year Built/Renovated
1997/2020
Price
$6,675,000
Price Per SF
$186.13
Cap Rate
7.52%
NOI
$501,960
Tenancy
Single
Building Height
1 Story
Typical Floor Size
35,862 SF
Building FAR
0.19
Lot Size
4.23 AC
Zoning
PUD-262 - PUD - 262
Parking
462 Spaces (12.88 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 125761053 | Improvements Assessment | $3,511,450 |
| Land Assessment | $366,650 | Total Assessment | $3,878,100 |
Property Taxes
Parcel Number
125761053
Land Assessment
$366,650
Improvements Assessment
$3,511,450
Total Assessment
$3,878,100
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