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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 52,497 total square feet, diversified tenancy, upside potential, and immediate value-add opportunities.
Property A: 34,397 sq ft total
Current rent roll income: $19,053.64
10 vacancies / 44 suites
Property B: 18,100 sq ft total
Current rent roll income: $11,645.00
3 vacancies / 22 suites
Portfolio Size: Combined 52,497 sq ft / two office properties.
Walkability: Both buildings are within walking distance 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.

Taxes & Operating Expenses (Pro Forma - 2026)

Annual
Gross Rental Income $368,376
Other Income -
Vacancy Loss -
Effective Gross Income $368,376
Taxes $17,661
Operating Expenses $151,563
Total Expenses $169,224
Net Operating Income $199,152

Taxes & Operating Expenses (Pro Forma - 2026)

Gross Rental Income
Annual $368,376
Other Income
Annual -
Vacancy Loss
Annual -
Effective Gross Income
Annual $368,376
Taxes
Annual $17,661
Operating Expenses
Annual $151,563
Total Expenses
Annual $169,224
Net Operating Income
Annual $199,152

Property Facts

Price $1,725,000
Price / SF $32.86 / SF
Cap Rate 12.46%
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 1982 -
Colonial Manor Building
4401-4405 NW 4th St, Oklahoma City, OK 73107
Office 18,100 SF 1982 -
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  • Listing ID: 38477833

  • Date on Market: 11/17/2025

  • Last Updated:

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

Contact the Sale Advisor

Meridian Office Complex Portfolio

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