Norman Office for Sale
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.
