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1621 S Midtown Pl 4,980 SF 100% Leased Office Building Oklahoma City, OK 73130 $1,675,104 CAD ($336.37 CAD/SF) 7.02% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% LEASED
- Long term tenants
EXECUTIVE SUMMARY
Fully leased medical office in Midwest City, OK. SSM Health and Endodontics and Implant Associates each lease half of the building.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$150,331
|
$30.19
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$150,331
|
$30.19
|
| Taxes |
$17,009
|
$3.42
|
| Operating Expenses |
$15,740
|
$3.16
|
| Total Expenses |
$32,750
|
$6.58
|
| Net Operating Income |
$117,581
|
$23.61
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $150,331 |
| Annual Per SF | $30.19 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $150,331 |
| Annual Per SF | $30.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,009 |
| Annual Per SF | $3.42 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $15,740 |
| Annual Per SF | $3.16 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $32,750 |
| Annual Per SF | $6.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $117,581 |
| Annual Per SF | $23.61 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,980 SF
Building Class
B
Year Built
2015
Price
$1,675,104 CAD
Price Per SF
$336.37 CAD
Cap Rate
7.02%
NOI
$117,592 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,980 SF
Building FAR
0.37
Lot Size
0.31 AC
Parking
25 Spaces (5.02 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Advanced Ears Nose & Throat PC
- Health Care and Social Assistance
- -
- -
- -
- -
- Endodontics and Dental Implants of Oklahoma
- Health Care and Social Assistance
- -
- $27.92 CAD
- Modified Gross
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Advanced Ears Nose & Throat PC | Health Care and Social Assistance | - | - | - | - | |
| Endodontics and Dental Implants of Oklahoma | Health Care and Social Assistance | - | $27.92 CAD | Modified Gross | - |
1 1
PROPERTY TAXES
| Parcel Number | 212581080 | Total Assessment | $140,337 CAD (2024) |
| Land Assessment | $46,563 CAD (2024) | Annual Taxes | $17,009 CAD ($3.42 CAD/SF) |
| Improvements Assessment | $93,774 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
212581080
Land Assessment
$46,563 CAD (2024)
Improvements Assessment
$93,774 CAD (2024)
Total Assessment
$140,337 CAD (2024)
Annual Taxes
$17,009 CAD ($3.42 CAD/SF)
Tax Year
2025
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1621 S Midtown Pl
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