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3617 N Meridian Ave 8,355 SF 100% Leased Office Building Oklahoma City, OK 73112 $1,147,056 CAD ($137.29 CAD/SF) 8.10% Cap Rate
Executive Summary
This free-standing office building offers 8,355 sq ft of space, is 100% occupied by long-term tenants, and features below-market rents with annual increases. The property boasts a new roof (2022), recent HVAC upgrades, concrete parking, and easy access to Interstate 40 & 44. Priced at $835,000 with an 8% CAP rate and a net operating income of $67,664, this is a prime investment opportunity in a major Oklahoma City thoroughfare.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Building Size
8,355 SF
Building Class
B
Year Built
1981
Price
$1,147,056 CAD
Price Per SF
$137.29 CAD
Cap Rate
8.10%
NOI
$92,951 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,355 SF
Building FAR
0.28
Lot Size
0.69 AC
Zoning
O-2 - Office use
Parking
45 Spaces (5.39 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 145445605 | Improvements Assessment | $84,326 CAD |
| Land Assessment | $18,042 CAD | Total Assessment | $102,368 CAD |
Property Taxes
Parcel Number
145445605
Land Assessment
$18,042 CAD
Improvements Assessment
$84,326 CAD
Total Assessment
$102,368 CAD
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3617 N Meridian Ave
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