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STONEY CREEK 8524 S Western Ave 19,630 SF 95% Leased Office Building Oklahoma City, OK 73139 $1,800,000 ($91.70/SF) 8.79% Cap Rate



INVESTMENT HIGHLIGHTS
- PRICED AT ONLY $91 SF
- PROFORMA - 9.55% CAP with scheduled rent bumps
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$217,116
|
$11.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$217,116
|
$11.06
|
| Taxes |
$20,051
|
$1.02
|
| Operating Expenses |
$38,885
|
$1.98
|
| Total Expenses |
$58,936
|
$3.00
|
| Net Operating Income |
$158,180
|
$8.06
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $217,116 |
| Annual Per SF | $11.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $217,116 |
| Annual Per SF | $11.06 |
| Taxes | |
|---|---|
| Annual | $20,051 |
| Annual Per SF | $1.02 |
| Operating Expenses | |
|---|---|
| Annual | $38,885 |
| Annual Per SF | $1.98 |
| Total Expenses | |
|---|---|
| Annual | $58,936 |
| Annual Per SF | $3.00 |
| Net Operating Income | |
|---|---|
| Annual | $158,180 |
| Annual Per SF | $8.06 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Courtyard
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Calvert Property Inspections, LLC
- -
- -
- $14.25
- Triple Net
- -
Established in 1971, CENTURY 21 built its success one satisfied customer at a time through integrity, professionalism and commitment to quality service. Their strategic office locations allow them to better service their clients by providing increased exposure and market position throughout Monmouth, Ocean, Middlesex and Mercer Counties. At CENTURY 21 they pride ourselves in having 275+ Sales Professionals equipped with the best resources, mass and local advertising, and on-going training programs to enhance their knowledge of the latest real estate industry and financial services available. Their continued investments in marketing and technology generate massive leads which are captured and serviced through their unique and innovative Customer Service Center.
- Circle of Life Hospice & Home Health
- -
- -
- $14.01
- Plus Utilities
- -
EK Energy (along with its affiliates, collectively “EK”), is an independent oil and gas company headquartered in Edmond, Oklahoma. EK is a volumetric acquisitions company, focused on finding oil and gas reserves primarily in Oklahoma’s Anadarko Basin. Our approach originates from a unique Petrophysical intensive process, which provides for the most optimal exploratory outcome. We take great pride in offering a competitive value to mineral owners when leasing and purchasing their mineral rights. We employ a volumetric style when acquiring non-operated leasehold and existing working interest positions, which allows us to establish varied levels of participation for our company, our partner companies and our investors. Our aggressive approach further enables EK to build prospects large enough to dictate operational control, thus, ensuring development is placed in the hands of reputable operating companies.
- Kristin H. Pitts
- -
- -
- $12.38
- Modified Gross
- -
- McCall's Community Homes, Inc.
- -
- -
- $10.00
- Modified Gross
- -
Northwestern Mutual is a mutual financial services company headquartered in Milwaukee, Wisconsin. Founded in 1857, the firm operates as a mutual organization owned by its policyholders rather than shareholders. It provides a range of services including life insurance, disability income, long-term care coverage, annuities, and investment advisory solutions. The company also offers financial planning for retirement, estate, and business needs. Northwestern Mutual ranks among the largest U.S. life insurers and is consistently recognized for its financial strength, holding top ratings from major agencies. The organization distributes annual dividends to eligible policyholders, a practice maintained since 1872. With over 8,000 employees and a nationwide advisor network, Northwestern Mutual remains privately held and emphasizes long-term financial security for individuals and businesses.
- Renaissance Legal Solutions, LLC
- -
- -
- $10.71
- Plus Utilities
- -
- The Real Estate Lab
- -
- -
- $12.95
- Full Service
- -
- Your Property Stop Real Estate
- -
- -
- $12.00
- Modified Gross
- Aug 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Calvert Property Inspections, LLC | - | - | $14.25 | Triple Net | - | |
|
Real Estate | - | - | - | - | |
| Circle of Life Hospice & Home Health | - | - | $14.01 | Plus Utilities | - | |
|
Construction | - | - | - | - | |
| Kristin H. Pitts | - | - | $12.38 | Modified Gross | - | |
| McCall's Community Homes, Inc. | - | - | $10.00 | Modified Gross | - | |
|
Finance and Insurance | - | - | - | - | |
| Renaissance Legal Solutions, LLC | - | - | $10.71 | Plus Utilities | - | |
| The Real Estate Lab | - | - | $12.95 | Full Service | - | |
| Your Property Stop Real Estate | - | - | $12.00 | Modified Gross | Aug 2028 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- 1st Fl-Ste 103
- 1,028 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 103 | 1,028 SF | Office | Full Build-Out | Now |
1st Fl-Ste 103
| Size |
| 1,028 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
PROPERTY TAXES
| Parcel Number | 148511000 | Total Assessment | $167,345 |
| Land Assessment | $69,245 | Annual Taxes | $20,051 ($1.02/SF) |
| Improvements Assessment | $98,100 | Tax Year | 2024 |
PROPERTY TAXES
Contact the Sale Advisor
STONEY CREEK | 8524 S Western Ave
