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Meridian Office Complex Portfolio 2 Office Properties Offered at $1,825,000 in Oklahoma City, OK

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INVESTMENT HIGHLIGHTS

  • Walkability between properties
  • Long term tenants
  • Currently under market-rental rates

EXECUTIVE SUMMARY

This offering presents an opportunity to acquire two office assets located within walking distance of one another, providing strong operational synergy and management efficiency for the incoming owner. Together, the portfolio delivers 53,853 total square feet, diversified tenancy, upside potential, and immediate value-add opportunities.
Property A: 35,753 sq ft total
7,363 usable sq ft currently vacant
Property B: 18,100 sq ft total
2,398 usable sq ft currently vacant
Portfolio Size: Combined 53,853 sq ft across two office properties.
Walkability: Both buildings are within minutes of each other, allowing shared management, leasing leverage, and operational efficiency.
Stable Tenancy: Features a roster of long-term tenants who have historically demonstrated strong retention.
Below-Market Rents: Current tenant rates are under market, offering substantial rent growth and mark-to-market potential for the buyer.
Value-Add Vacancy: More than 9,700 sq ft of usable vacancy across both assets provides an immediate lease-up opportunity.
Parking: Properties include ample parking to support both current and future demand.
Strong Upside: Between rental rate adjustments, lease-up potential, and operational consolidation, the portfolio offers multiple avenues to increase NOI.
Buyer Opportunity
This two-building portfolio is ideal for investors seeking stable cash flow with built-in upside—perfect for value-add funds, owner-users needing expansion space, or regional investors looking to consolidate a footprint in a high-demand office corridor. The combination of long-term tenants, below-market rents, and available vacancy creates an excellent foundation for enhanced yield and long-term appreciation.

PROPERTY FACTS

Price $1,825,000
Price / SF $34.76 / SF
Cap Rate 8.22%
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 52,497 SF
Total Land Area 7.61 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
500 N Meridian Ave, Oklahoma City, OK 73107 Office 34,397 SF 1973 -
Colonial Manor Building
4401-4405 NW 4th St, Oklahoma City, OK 73107
Office 18,100 SF 1973 -
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  • Listing ID: 38477833

  • Date on Market: 11/17/2025

  • Last Updated:

  • Address: Meridian Office Complex Portfolio, Oklahoma City, OK

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Meridian Office Complex Portfolio

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