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Meridian Office Complex Portfolio 2 Office Properties Offered at $2,358,161 CAD in Oklahoma City, OK



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.
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 (CAD) |
|---|---|
| Gross Rental Income |
$503,588
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$503,588
|
| Taxes |
$24,143
|
| Operating Expenses |
$207,194
|
| Total Expenses |
$231,338
|
| Net Operating Income |
$272,251
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $503,588 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $503,588 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,143 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $207,194 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $231,338 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $272,251 |
Property Facts
| Price | $2,358,161 CAD | Number of Properties | 2 |
| Price / SF | $44.92 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 12.46% | Total Building Size | 52,497 SF |
| Sale Type | Investment or Owner User | Total Land Area | 7.61 AC |
| Status | Active |
| Price | $2,358,161 CAD |
| Price / SF | $44.92 CAD / 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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Meridian Office Complex Portfolio
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