For Sale
$725,000

800 63Rd St Oklahoma City, OK 73105

Oklahoma City Office Building - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents the Red Tree Center, a three-story, 11,373 square foot Class B office building located at 800 NE 63rd St, Oklahoma City, OK 73105. Boasting a 100% occupancy rate, this stabilized investment offers a current NOI of $60,886 and an 8.40% cap rate. The property, built in 1980 and extensively renovated in 2017, features upscale common area decor, keyless entry, and security cameras. Situated on a 38,725 square foot lot, it benefits from high visibility on NE 63rd Street, with proximate access to I-44 and the Broadway Extension. The building is zoned O-2 and includes executive and traditional office spaces. A pro-forma NOI of $54,946 and a pro-forma cap rate of 7.58% are available upon request. The asking price is $725,000, translating to $63.75 per square foot. Owner financing is available. This is a prime opportunity for investors seeking a well-maintained, high-performing asset in a desirable Oklahoma City location.

Highlights

  • High visibility on NE 63rd Street, with easy access to I-44 and the Broadway Extension.
  • 2017 renovation featuring upscale common area decor, keyless entry, and security cameras.
  • Currently 100% occupied, offering a strong NOI.
  • Owner financing available.
  • Pro forma financials available upon request.

Property Details for 800 63Rd St

Property type
Office properties
Square Feet
11,373 SF
Class
B
Year Built/Renovated
1980/2017
Buildings
1
Stories
3

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.536681065481
Longitude
-97.498003852859

FAQs

What type of property is this?
Office property - Oklahoma City Office Building - High Occupancy
Where is the office property located?
The property is located at 800 63Rd St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High visibility on NE 63rd Street, with easy access to I-44 and the Broadway Extension.; 2017 renovation featuring upscale common area decor, keyless entry, and security cameras.; Currently 100% occupied, offering a strong NOI.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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800 63Rd St
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