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28024426

907 S Detroit Ave, Tulsa, OK 74120

EE
OK 018136
SVN | OAK Realty Advisors
CF
OK 210148
SVN | OAK Realty Advisors
Listed by SVN | OAK Realty Advisors
$12,000,000
213 days on market
Updated 3 days ago
Opportunity zone

The Sun Building

Details
Property Type Office
Sub Type Traditional Office
Square Footage 249,346
Cap Rate 10.02%
NOI $1,202,612
Occupancy 86%
Tenancy Multi
Lease Type Gross
Price per SqFt $48
Class B
Year Built 1954
Year Renovated 2009
Stories 14
Acreage 1.200
Investment Type Value Add

Prime Downtown Tulsa Office Asset with Value-Add Potential

Marketing description

The Sun Building is a 14-story, 249,346 SF office tower located in the core of Downtown Tulsa. The property offers an

attractive combination of stable in-place income and upside potential through additional lease-up and light

repositioning. Generating approximately $1.2 million in annual NOI, the asset is being considered for sale at $12

million, representing a double digit cap rate and an exceptional $50 per square foot basis, well below replacement cost. The

building features efficient floorplates, strong natural light, and established tenants providing consistent cash flow.

Positioned within Tulsa’s central business district, the property benefits from excellent visibility, accessibility, and

proximity to major downtown employers, retail, and entertainment. This opportunity offers investors a compelling in-

place yield with potential for further value creation in one of the Midwest’s most accessible and improving urban office

markets.

Investment highlights

  • Solid downtown visibility and access
  • $50 per SF - significantly below current replacement cost
  • Established tenant base providing predictable cash flow

Listing Contacts

EE
OK 018136
SVN | OAK Realty Advisors
CF
OK 210148
SVN | OAK Realty Advisors
Listed by SVN | OAK Realty Advisors

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,202,612.00
$100,217.67/mo

Valuation Metrics

0
DSCR
10.02%
Cap Rate
10.02%
ROI

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Additional Information

Name
Ethan Elbert
License
018136
Brokerage
SVN OAK Realty
Brokerage Phone
9188575764
Title
Advisor
Brokerage Address
5553 South Peoria Avenue
Name
Caden Farmer
License
210148
Brokerage
SVN Oak Realty
Brokerage Phone
214-843-8502
Title
Broker
Brokerage Address
5553 South Peoria Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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