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1621 S Midtown Pl 4,980 sq ft 100% Let Office Property Oklahoma City, OK 73130 £893,772 (£179.47/sq ft) 7.02% Net Initial Yield
INVESTMENT HIGHLIGHTS
- 100% LEASED
- Long term tenants
EXECUTIVE SUMMARY
Fully leased medical office in Midwest City, OK. SSM Health and Endodontics and Implant Associates each lease half of the building.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
£80,211
|
£16.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£80,211
|
£16.11
|
| Taxes |
£9,076
|
£1.82
|
| Operating Expenses |
£8,398
|
£1.69
|
| Total Expenses |
£17,474
|
£3.51
|
| Net Operating Income |
£62,737
|
£12.60
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | £80,211 |
| Annual Per sq ft | £16.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | £80,211 |
| Annual Per sq ft | £16.11 |
| Taxes | |
|---|---|
| Annual | £9,076 |
| Annual Per sq ft | £1.82 |
| Operating Expenses | |
|---|---|
| Annual | £8,398 |
| Annual Per sq ft | £1.69 |
| Total Expenses | |
|---|---|
| Annual | £17,474 |
| Annual Per sq ft | £3.51 |
| Net Operating Income | |
|---|---|
| Annual | £62,737 |
| Annual Per sq ft | £12.60 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Property Size
4,980 sq ft
Costar Property Class
B
Year Built
2015
Price
£893,772
Price per sq ft
£179.47
Yield
7.02%
NOI
£62,743
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
4,980 sq ft
Plot ratio
0.37
Total Plot Size
0.31 ac
Parking
25 Spaces (5.02 Spaces per 1,000 sq ft Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- Advanced Ears Nose & Throat PC
- Health Care and Social Assistance
- -
- -
- -
- -
- Endodontics and Dental Implants of Oklahoma
- Health Care and Social Assistance
- -
- £14.90
- Modified Gross
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| Advanced Ears Nose & Throat PC | Health Care and Social Assistance | - | - | - | - | |
| Endodontics and Dental Implants of Oklahoma | Health Care and Social Assistance | - | £14.90 | Modified Gross | - |
1 1
PROPERTY TAXES
| Parcel Number | 212581080 | Total Assessment | £74,078 (2024) |
| Land Assessment | £24,579 (2024) | Annual Taxes | £9,076 (£1.82/sq ft) |
| Improvements Assessment | £49,499 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
212581080
Land Assessment
£24,579 (2024)
Improvements Assessment
£49,499 (2024)
Total Assessment
£74,078 (2024)
Annual Taxes
£9,076 (£1.82/sq ft)
Tax Year
2025
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1621 S Midtown Pl
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