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Faits saillants de l'investissement
- The property presents the opportunity to acquire a free-standing medical focused asset at a low price point, creating a manageable investment entry
- The property features an average rental rate of $20.29/SF, providing an attractive basis while creating captive tenancy that discourages relocation.
- In 2025, Ascend Vision Partners executed a new long-term lease at the property, reinforcing the mission-critical nature of the asset to its operations
- In 2025, Wise Eye Associates joined Ascend Vision Partners, a premier ophthalmic management services organization backed by Chicago Pacific Founders.
- The facility was features an attractive and modern aesthetic, resulting in a broad appeal for patients and providers and supporting pride of ownership
- Leveraging the multi-tenant nature of the asset, all expenses can be passed through to the tenants, allowing an owner to properly care for thebuilding
Résumé de l'annonce
Jennifer Stein Real Estate, Inc., exclusively represents ownership of the Wise Eye Associates facility (“Wise Eye” or the “property”) in the sale of their ophthalmic facility.
The mission critical asset comprises 7,416 square feet, ideally situated within the Norman regional market, a well-established submarket anchored by the University of Oklahoma and supported by the broader Oklahoma City metropolitan area.
Wise Eye Associates was founded in 1976 by Dr. Don Brashear, with Dr. Jackson Woodward joining shortly thereafter, establishing a long-standing presence in the Norman, Oklahoma community. For nearly five decades, the practice has been known for delivering high-quality eye care and advanced ophthalmic procedures with a patient-first approach. Today, under the leadership of Dr. Kim Wise, Wise Eye Associates continues its tradition of personalized care and clinical excellence.
In 2025, Wise Eye Associates partnered with Ascend Vision Partners (“AVP”), joining a growing ophthalmic platform composed of 17 practices and 38 locations across Florida, Texas, and Oklahoma. Backed by private equity firm Chicago Pacific Founders, AVP provides its partner practices with strategic capital, operational support, and resources for continued expansion, all while preserving local clinical leadership, physician autonomy, and the patient-focused care that defines each practice’s legacy in their respective communities.
The asset is anchored by Wise Eye’s ophthalmic clinic, which represents the dominant occupancy and income driver of the property. The remaining suite is occupied by a private law office, contributing a nominal 3% of total NOI under a freshly executed three-year lease.
Upon closing of the transaction, the selected purchaser will assume the existing leases with Southeastern Eyecare Management, LLC and Matthew Tate Wise. Both leases are structured as triple-net and feature 3% annual rental escalations, full expense pass-throughs, along with financial reporting. Combined, the property has a total NOI of $151,610, resulting in an average rental rate of only $20.29 per square foot and a WALT of 11.3 years.
The mission critical asset comprises 7,416 square feet, ideally situated within the Norman regional market, a well-established submarket anchored by the University of Oklahoma and supported by the broader Oklahoma City metropolitan area.
Wise Eye Associates was founded in 1976 by Dr. Don Brashear, with Dr. Jackson Woodward joining shortly thereafter, establishing a long-standing presence in the Norman, Oklahoma community. For nearly five decades, the practice has been known for delivering high-quality eye care and advanced ophthalmic procedures with a patient-first approach. Today, under the leadership of Dr. Kim Wise, Wise Eye Associates continues its tradition of personalized care and clinical excellence.
In 2025, Wise Eye Associates partnered with Ascend Vision Partners (“AVP”), joining a growing ophthalmic platform composed of 17 practices and 38 locations across Florida, Texas, and Oklahoma. Backed by private equity firm Chicago Pacific Founders, AVP provides its partner practices with strategic capital, operational support, and resources for continued expansion, all while preserving local clinical leadership, physician autonomy, and the patient-focused care that defines each practice’s legacy in their respective communities.
The asset is anchored by Wise Eye’s ophthalmic clinic, which represents the dominant occupancy and income driver of the property. The remaining suite is occupied by a private law office, contributing a nominal 3% of total NOI under a freshly executed three-year lease.
Upon closing of the transaction, the selected purchaser will assume the existing leases with Southeastern Eyecare Management, LLC and Matthew Tate Wise. Both leases are structured as triple-net and feature 3% annual rental escalations, full expense pass-throughs, along with financial reporting. Combined, the property has a total NOI of $151,610, resulting in an average rental rate of only $20.29 per square foot and a WALT of 11.3 years.
Salle de données Cliquez ici pour accéder à
- Offering Memorandum
Faits sur la propriété
Type de vente
Investissement pour loyer hypernet
Condition de vente
Cession-bail
Type de propriété
Bureau
Sous-type de propriété
Médical
Taille du bâtiment
7 416 pi²
Classe d’immeuble
C
Année de construction
2004
Revenu net d’exploitation
206 832 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Superficie de plancher typique
7 416 pi²
Coefficient d’occupation des sols de l’immeuble
0,22
Taille du lot
0,77 AC
Zonage
Commercial
Stationnement
39 places (5,26 places par 1 000 pi² loué)
Commodités
- Affichage
1 1
Assez praticable à pied
40/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun limités
20/100
Assez praticable en vélo
30/100
Impôts fonciers
| Numéro de lot | R0139008 | Évaluation des bâtiments | 117 207 $ CAD |
| Évaluation du terrain | 43 915 $ CAD | Évaluation totale | 161 122 $ CAD |
Impôts fonciers
Numéro de lot
R0139008
Évaluation du terrain
43 915 $ CAD
Évaluation des bâtiments
117 207 $ CAD
Évaluation totale
161 122 $ CAD
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
Wise Eye Associates | 2201 Mckown Dr
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