521 W Wilshire Blvd
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521 W Wilshire Blvd
28,184 SF 49% Leased Office Building Oklahoma City, OK 73116 £3,098,419 (£110/SF) 7.06% Net Initial Yield
Investment Highlights
- Excellent opportunity for an owner-user or an investor looking for a multi-tenant lease up investment
- New overlaid parking lot with some covered parking
- Private courtyard
- Tons of windows providing abundant natural light
- Shared Conference Area
- Suite 200 vacant for owner-user
Executive Summary
The second floor 6,697 sf has been fully renovated into Class A finish out and occupied effective July 1, 2024. Therefore the building is 100% occupied for great investment. The rest of the building has been totally renovated as well over the past 5 years, with abundant natural light from windows, shared conference room, protected center courtyard for outdoor safety breaks, and with new smooth asphalt parking lot. There is also covered parking in the North lot.
Amenities include: New overlaid parking lot with ample parking, well maintained center courtyard for occupant breaktime, large lobby with casual seating, shared conference room, elevator, covered parking, 8.3 miles north of Downtown OKC via Broadway Extension or an easy 14 minute drive per map quest.
To the East of this property there is 2.27 Acres vacant commercial land available for purchase as well.
Call: George Huffman @ 405-409-4400 | george@iwpok.com
Assisted by: Heather Wolf @ 405-837-0528 | heather@iwpok.com
Amenities include: New overlaid parking lot with ample parking, well maintained center courtyard for occupant breaktime, large lobby with casual seating, shared conference room, elevator, covered parking, 8.3 miles north of Downtown OKC via Broadway Extension or an easy 14 minute drive per map quest.
To the East of this property there is 2.27 Acres vacant commercial land available for purchase as well.
Call: George Huffman @ 405-409-4400 | george@iwpok.com
Assisted by: Heather Wolf @ 405-837-0528 | heather@iwpok.com
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
28,184 SF
Building Class
C
Year Built/Renovated
1957/2006
Price
£3,098,419
Price Per SF
£110
Net Initial Yield
7.06%
NOI
£218,595
Percent Leased
49%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
14,092 SF
Building FAR
0.39
Land Acres
1.65 AC
Zoning
Industrial - Moderate Industrial District (I-2)
Parking
97 Spaces (3.44 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Courtyard
- Security System
- Central Heating
- Natural Light
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 200 | 6,697 SF | Office | - | Now |
2nd Fl-Ste 200
| Size |
| 6,697 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
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2nd Fl-Ste 200
| Size | 6,697 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
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PROPERTY TAXES
| Parcel Number | 134581013 | Improvements Assessment | £240,091 |
| Land Assessment | £27,942 | Total Assessment | £268,034 |
PROPERTY TAXES
Parcel Number
134581013
Land Assessment
£27,942
Improvements Assessment
£240,091
Total Assessment
£268,034
-
George Huffman -
Heather Wolf -
InterWest Realty
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521 W Wilshire Blvd
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