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Southern Plains Medical Center 2-Unit 2 Office Properties Offered at $11,000,000 in Multiple Locations
Investment Highlights
- Leased at just $12–$13/SF Absolute Triple Net (NNN), well below the $14–$17/SF Absolute NNN market rates for comparable medical office properties.
- Unique opportunity combining a master lease on 2222 W Iowa Ave with a straightforward sale-leaseback on 1104 E Central Blvd offering flexibility.
- Priced significantly below replacement cost with a low-cost PSF, offering strong upside potential and long-term value.
- The tenant operates 5 additional medical locations across Oklahoma, underscoring their financial strength, operational stability.
- Lease features both corporate and guarantees from the tenant, enhancing the investment's credit profile and risk protection.
- Absolute Triple Net (NNN) Lease — tenant is responsible for all expenses directly, creating a truly passive investment.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale a two-building medical office portfolio leased to CareFirst Wellness Associates, a multi-location, full-service healthcare provider with a strong regional presence across Oklahoma. The portfolio features a highly attractive rent basis, recent full-property renovations, robust lease security, and recession-resistant medical tenancy, all within a passive, Absolute Triple Net (NNN) Lease.
Offered with a unique and flexible deal structure, the transaction includes a master lease at 2222 W Iowa Ave and a traditional sale-leaseback at 1104 E Central Blvd, appealing to investors seeking stable yield, built-in value, and long-term upside.
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
Offered with a unique and flexible deal structure, the transaction includes a master lease at 2222 W Iowa Ave and a traditional sale-leaseback at 1104 E Central Blvd, appealing to investors seeking stable yield, built-in value, and long-term upside.
In Cooperation With Sands Investment Group Oklahoma LLC – Lic. #207753 BoR: Tom Gorman – Lic. OK #207754
Property Facts
| Price | $11,000,000 | Number of Properties | 2 |
| Price / SF | $144.17 / SF | Individually For Sale | 0 |
| Cap Rate | 9.01% | Total Building Size | 76,300 SF |
| Sale Type | Investment NNN | Total Land Area | 13.44 AC |
| Status | Active |
| Price | $11,000,000 |
| Price / SF | $144.17 / SF |
| Cap Rate | 9.01% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 76,300 SF |
| Total Land Area | 13.44 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1104 E Central Blvd, Anadarko, OK 73005 | Office | 10,500 SF | 2005 | - |
| 2222 W Iowa Ave, Chickasha, OK 73018 | Office | 65,800 SF | 1960 | - |
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Southern Plains Medical Center 2-Unit
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