Office

Rock Creek Office Building

3401 W Rock Creek Rd, Norman, OK 73072

Listing Price: $1,125,000

Cap Rate
8.15%
Gross SF
4,977
Rentable SF
4,977
Price/Gross SF
$226.04
Year Built
2017

Investment Overview

Marcus & Millichap is proud to present this luxurious, modern income property located in the growing Norman, Oklahoma area. This property is currently set up as a multi-tenant office building with several smaller tenants. Five of the tenants are owners of the building and leasing back after the sale for three years. Many of the remaining tenants are in growing businesses and have asked to increase their square footage when space becomes available.

The Net Operating Income at 100 percent occupancy based on the current rates is $91,171. The Sellers will sign a new three year lease at closing for each space they currently lease to guarantee the rent for the first three years of new ownership. Sellers reserve the right to sublease this space should their space needs change during this three year lease guarantee. Buyer's will have the right to approve new tenants after the sale.

Investment Highlights

  • 100% Occupied Investment Opportunity
  • 8.10% Cap Rate
  • 13.57% Cash on Cash
  • Growing Area for Development in Norman, Oklahoma
  • Low Risk with Newer, High End Construction

Exclusively Listed By

Listing Price: $1,125,000

Cap Rate
8.15%
Gross SF
4,977
Rentable SF
4,977
Price/Gross SF
$226.04
Year Built
2017

Investment Highlights

  • 100% Occupied Investment Opportunity
  • 8.10% Cap Rate
  • 13.57% Cash on Cash
  • Growing Area for Development in Norman, Oklahoma
  • Low Risk with Newer, High End Construction

Investment Overview

Marcus & Millichap is proud to present this luxurious, modern income property located in the growing Norman, Oklahoma area. This property is currently set up as a multi-tenant office building with several smaller tenants. Five of the tenants are owners of the building and leasing back after the sale for three years. Many of the remaining tenants are in growing businesses and have asked to increase their square footage when space becomes available.

The Net Operating Income at 100 percent occupancy based on the current rates is $91,171. The Sellers will sign a new three year lease at closing for each space they currently lease to guarantee the rent for the first three years of new ownership. Sellers reserve the right to sublease this space should their space needs change during this three year lease guarantee. Buyer's will have the right to approve new tenants after the sale.

Exclusively Listed By

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