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6802 S Olympia AveTulsa, OK 74132
Olympia Medical Park
Asset ClassHealthcare Facility
Occupancy: 93%Cap Rate: 7%Access Data Room
54,194 SF | Multi-Tenant MOB | Tulsa, OK
overview of deal

Overview

Institutional Property Advisors (IPA) is pleased to exclusively offer The Olympia Medical Park, a 54,194 SF multi-tenant medical office building at 6802 South Olympia Ave, Tulsa, OK. Constructed in 2006 on a 3.27-acre site, this property boasts 206 parking spaces and is 93% occupied by nine tenants. Positioned adjacent to Tulsa Spine and Specialty Hospital and near US-75, the building benefits from a five-mile population of 124,377 and an average household income of $93,255.

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Investment Highlights

  • ​​​​​​​​​​​​​​PRICE: $7,788,000
  • CAP RATE: 7.00%
  • F12 NOI: $545k (As of 8/1/24)
  • F12 WALT: 2.61 Years (As of 8/1/24)
  • BUILDING SIZE: 54,194 SF
  • PRICE/SF: $144
  • OCCUPANCY: 93%
  • LOCATION: Adjacent to Tulsa Spine & Specialty Hospital, Near US-75
  • LAND AREA: 3.27 AC
  • YEAR BUILT: 2006
  • PARKING: 206 Free Spaces (4.71/1000 RSF)
  • DEMOGRAPHICS: 5-Mile Population: 124,377 | 5-Mile HH Income: $93,225
6802 S Olympia AveTulsa, OK 74132
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Listing provided by Revere CRE