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Oklahoma Health Care Authority 4345 N Lincoln Blvd 154,000 SF Office Building Oklahoma City, OK 73105 $32,958,769 CAD ($214.02 CAD/SF) 8% Cap Rate



Investment Highlights
- Backed by the State of Oklahoma, the tenant carries an AA+ credit rating from S&P and Fitch.
- Tenant Required by Law to be within 5-mile Radius of State Capitol Building
- ???????~8 Year Base Lease Term with 10 Years of Options
- Over $8,000,000 in Direct Tenant Improvements Funded by StateBacked by the State of Oklahoma, the tenant carries an AA+ credit rating from S&P
- Oklahoma City is the 8th most populous city in the southern U.S. (1,469,124 MSA Population)
Executive Summary
The Ficke Team of Colliers is pleased to present the exclusive investment opportunity to acquire the State of Oklahoma Campus located at 4345 N. Lincoln Boulevard in Oklahoma City, OK.
The State of Oklahoma Campus offers investors over 154,085 square feet of office space and is 100% leased to the Oklahoma Healthcare Authority (OHCA), Oklahoma Department of Corrections (DOC or ODOC), Oklahoma Pardon and Parole Board, and the Oklahoma Department of Mental Health and Substance Abuse Services (ODMHSAS) providing investors with a premium credit investment vehicle (S&P & Fitch AA+).
Originally serving as a Hotel & Conference center, the State of Oklahoma Campus was fully renovated and redeveloped in 2014 by renowned Oklahoma City developer, Gardner Tanenbaum Holdings. The property was built to the unique specifications and requirements of the State of Oklahoma which included a direct investment of over $8,000,000 to fund significant Tenant Improvements further illustrating the state’s commitment to this location and agency.
Oklahoma legislature requires that the tenant is geographically located within a 5 mile radius of the State Capitol Building which is conveniently positioned 2 miles to the South from the State of Oklahoma Campus. This strategic, state-selected location ensures investors will realize significant long-term benefits through the significant capital commitments demonstrated by the state and the continued growth of the OHCA as evidenced by the passage of ‘State Question 802’ on June 30th, 2020, which has expanded Oklahoma’s Medicaid coverage to over 428,000 additional Oklahomans since taking effect.
???????
Oklahoma City, officially the City of Oklahoma City, and often shortened to OKC, is the capital and most populous city of the U.S. state of Oklahoma. The county seat of Oklahoma County, it ranks 20th among United States cities in population and is the 8th largest city in the Southern United States. Oklahoma City–Shawnee Combined Statistical Area had a population of 1,469,124, making it Oklahoma’s largest municipality and metropolitan area by population.
The State of Oklahoma Campus offers investors over 154,085 square feet of office space and is 100% leased to the Oklahoma Healthcare Authority (OHCA), Oklahoma Department of Corrections (DOC or ODOC), Oklahoma Pardon and Parole Board, and the Oklahoma Department of Mental Health and Substance Abuse Services (ODMHSAS) providing investors with a premium credit investment vehicle (S&P & Fitch AA+).
Originally serving as a Hotel & Conference center, the State of Oklahoma Campus was fully renovated and redeveloped in 2014 by renowned Oklahoma City developer, Gardner Tanenbaum Holdings. The property was built to the unique specifications and requirements of the State of Oklahoma which included a direct investment of over $8,000,000 to fund significant Tenant Improvements further illustrating the state’s commitment to this location and agency.
Oklahoma legislature requires that the tenant is geographically located within a 5 mile radius of the State Capitol Building which is conveniently positioned 2 miles to the South from the State of Oklahoma Campus. This strategic, state-selected location ensures investors will realize significant long-term benefits through the significant capital commitments demonstrated by the state and the continued growth of the OHCA as evidenced by the passage of ‘State Question 802’ on June 30th, 2020, which has expanded Oklahoma’s Medicaid coverage to over 428,000 additional Oklahomans since taking effect.
???????
Oklahoma City, officially the City of Oklahoma City, and often shortened to OKC, is the capital and most populous city of the U.S. state of Oklahoma. The county seat of Oklahoma County, it ranks 20th among United States cities in population and is the 8th largest city in the Southern United States. Oklahoma City–Shawnee Combined Statistical Area had a population of 1,469,124, making it Oklahoma’s largest municipality and metropolitan area by population.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
154,000 SF
Building Class
B
Year Built/Renovated
1967/2014
Price
$32,958,769 CAD
Price Per SF
$214.02 CAD
Cap Rate
8%
NOI
$2,636,746 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
77,043 SF
Building FAR
0.30
Lot Size
11.65 AC
Opportunity Zone
Yes
Zoning
C-3
Parking
800 Spaces (5.19 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 133209000 | Improvements Assessment | $1,932,705 CAD |
| Land Assessment | $96,627 CAD | Total Assessment | $2,029,332 CAD |
Property Taxes
Parcel Number
133209000
Land Assessment
$96,627 CAD
Improvements Assessment
$1,932,705 CAD
Total Assessment
$2,029,332 CAD
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Oklahoma Health Care Authority | 4345 N Lincoln Blvd
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