Asset Overview
- Price:
$2,200,000$1,850,000 - Square Feet: 21,906 SF
- PSF:
$100.43/SF$84.45/SF - Cap Rate:
6.25%7.43% - Occupancy: 100%
Investment Summary
CBRE is pleased to present the opportunity to acquire 415 Fairview Avenue, a 100% leased medical/office building comprised of 21,906 +/- SF, in Ponca City, Oklahoma. The subject property is situated on 1.46 acres, located approximately 300 yards north of Alliance Health (formerly Ponca City Medical Center) and is zoned Hospital-Medical Complex District. The property was built in 1994, comprised of a concrete structure with a modern brick facade. 415 Fairview Avenue is leased to Northern Oklahoma Regional Pediatric Group, Kay County Oklahoma Hospital Company, occupying floors one and two, respectively.
Investment Highlights
- Proximity to 140-Bed and 39 Active Physician Medical Center, Alliance Health.
- 100% Occupied Medical/Office Building
- 2015 Average Household Income of $60k in a 1-Mile Radius
- Conveniently Located Along Primary Business and Retail Corridor
- Per Square Foot Price is Well Below Replacement Cost for Property.
Contact Information
Adam Rumsey
Associate
+1 405 607 6050
adam.rumsey@cbre.com
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