Listed by Bang Realty, Stream Capital Partners
$3,600,000
Utica Park Clinic
Details
Property Type Office, Retail
Sub Type Medical Office, Storefront
Square Footage 13,238
Cap Rate 7.62%
NOI $274,415
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Expiration 01/31/2032
Remaining Term 5.7
Rent Bumps Yes
Lease Options Three (5) year options
Price per SqFt $272
Acreage 1.480
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Office | 7.62% CAP | 13,238 SqFt
Investment highlights
- Strong Guarantor: Utica Park Clinic and guaranteed by AHS Hillcrest Healthcare System. Utica Park Clinic consists of over 325 providers across more than 30 specialties and has over 85 clinics across 22 communities in Oklahoma.
- Recent Expansion: Utica Park Clinic recently expanded into 100% of the building and executed a long term lease with 2% annual increases showing commitment to the market and site.
- Class A Construction: The subject building is over 13K sqft allowing Utica Park Clinic to offer diverse and expansive variety of medical services, ranging from primary care and cardiology to specialized treatments in orthopedics, bariatric surgery, and women’s health.
- Demographics: Bartlesville is a growing community outside of Tulsa and is home to both globally recognized firms and small, niche companies. Business is Bartlesville is synonymous with a high quality of life in a small city with easy urban access.
Listing Contacts
Listed by Bang Realty, Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$274,415.00
$22,867.92/mo
Valuation Metrics
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DSCR
7.62%
Cap Rate
7.62%
ROI
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