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33318217
33318214

4345 North Lincoln Boulevard, Oklahoma City, OK 73105

GF
TX 0593051, TX: 0593051
Colliers - Dallas, Texas
ZF
TX TX 688207
Colliers - Dallas, Texas
DV
IL IL 471022014
Colliers
Listed by Colliers - Dallas, Texas, Colliers
$23,725,000
2 days on market
Updated 2 days ago

Oklahoma Health Care Authority

Details
Property Type Office
Sub Type Traditional Office, Medical Office
Square Footage 154,085
Net Rentable (SqFt) 154,085
Cap Rate 8.00%
NOI $1,898,032
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 10
Lease Expiration 03/31/2034
Remaining Term 7.8
Price per SqFt $154
Class A
Year Built 2014
Buildings 1
Acreage 4.840
Tenant Credit Credit Rated
Lease Commencement 04/01/2024
Ownership Fee Simple

8 Year Base Lease Term with 10 Years of Options | State of Oklahoma Guarantee

Marketing description

The Ficke Team of Colliers is pleased to present the exclusive investment opportunity to acquire the State of Oklahoma Campus located at 4345 N. Lincoln Boulevard in Oklahoma City, OK.

The State of Oklahoma Campus offers investors over 154,085 square feet of office space and is 100% leased to the Oklahoma Healthcare Authority (OHCA), Oklahoma Department of Corrections (DOC or ODOC), Oklahoma Pardon and Parole Board, and the Oklahoma Department of Mental Health and Substance Abuse Services (ODMHSAS) providing investors with a premium credit investment vehicle (S&P & Fitch AA+).

Originally serving as a Hotel & Conference center, the State of Oklahoma Campus was fully renovated and redeveloped in 2014 by renowned Oklahoma City developer, Gardner Tanenbaum Holdings. The property was built to the unique specifications and requirements of the State of Oklahoma which included a direct investment of over $8,000,000 to fund significant Tenant Improvements further illustrating the state’s commitment to this location and agency.

Oklahoma legislature requires that the tenant is geographically located within a 5 mile radius of the State Capitol Building which is conveniently positioned 2 miles to the South from the State of Oklahoma Campus. This strategic, state-selected location ensures investors will realize significant long-term benefits through the significant capital commitments demonstrated by the state and the continued growth of the OHCA as evidenced by the passage of ‘State Question 802’ on June 30th, 2020, which has expanded Oklahoma’s Medicaid coverage to over 428,000 additional Oklahomans since taking effect.

Oklahoma City, officially the City of Oklahoma City, and often shortened to OKC, is the capital and most populous city of the U.S. state of Oklahoma. The county seat of Oklahoma County, it ranks 20th among United States cities in population, and is the 8th largest city in the Southern United States. Oklahoma City–Shawnee Combined Statistical Area had a population of 1,469,124, making it Oklahoma’s largest municipality and metropolitan area by population.

Investment highlights

State of Oklahoma Guarantee

Backed by the State of Oklahoma, the tenant carries an AA+ credit rating from S&P and Fitch.

Significant Renovation Investment

Over $8,000,000 in Direct Tenant Improvements Funded by StateBacked by the State of Oklahoma, the tenant carries an AA+ credit rating from S&P and Fitch.

Critical Location

Tenant Required by Law to be within 5-mile Radius of State Capitol Building

Rapidly Growing Market

Oklahoma City is the 8th most populous city in the southern U.S. (1,469,124 MSA Population)

Long Term Lease Commitment

~8 Year Base Lease Term with 10 Years of Options

Listing Contacts

GF
TX 0593051, TX: 0593051
Colliers - Dallas, Texas
ZF
TX TX 688207
Colliers - Dallas, Texas
DV
IL IL 471022014
Colliers
Listed by Colliers - Dallas, Texas, Colliers

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,898,032.00
$158,169.33/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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