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Property Detail

Robert S Kerr Avenue
Take advantage of the prestigious opportunity to acquire an investment-grade office tower .
$1,000,000
Manufacturer: https://newmarkrp.com/

Description

  • Take advantage of the prestigious opportunity to acquire an investment-grade office tower amid Oklahoma City’s downtown skyline.
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  • Currently 40.55% occupied, this premier asset offers substantial potential for long-term stabilization and revenue upside.
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  • Court Plaza is within walking distance to a wealth of amenities as well as two key stops for the OKC Streetcar.
  • Established in the heart of the Business District, Court Plaza provides the perfect professional backdrop for its diverse tenant roster.
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  • New ownership can add significant value through continued lease up of vacant units, rent escalations, and lease renewals.
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  • Oklahoma City has a thriving and diverse economy reinforced by strong population and employment growth.

Executive Summary

Court Plaza presents investors with the esteemed opportunity to acquire this beautifully appointed multi-tenant office building in the heart of Oklahoma City, Oklahoma. Located at 228 Robert S Kerr Avenue, this asset has been professionally maintained throughout. The tower soars 10 floors high and comprises 78,244 square feet of rentable office space. Court Plaza showcases highly adaptable floor plans and suite layouts, providing endless potential for tenants across a variety of industries.

At 40.55% occupancy, Court Plaza offers incredible value-add opportunities through increasing occupancy and renewing existing tenants at market rates. New ownership will profit from existing rental income while simultaneously devising revenue strategies and leasing initiatives to increase cash flow.

Oklahoma City is a bustling metropolitan with a thriving economy and world-class urban amenities. Traversed by Interstates 35, 40, 44, 235, and 240, the city is easily accessible for commuters throughout the Great Plains region. The economy runs on the back of the energy industry, with several large companies calling the city home, including Devon Energy and Chesapeake Energy. Oklahoma City is diversifying its economic fold year over year, illustrating strong employment growth in the aerospace, technology, and manufacturing sectors. Large and small corporations are becoming increasingly interested in the city because of its pro-business environment, quality labor force, and economic incentives.

Property tours are available by appointment only. Please contact the listing broker to schedule.

Court Plaza

Listing ID : 00562

SKU: 562

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Price History

DateEventPrice
December 3 2024Listed$1,000,000.00