Tulsa Bone & Joint

Bartlesville
OK
Oklahoma
Tulsa

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$

3,578,000

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7.50
%
CAP Rate

Fully Leased Medical Office

Both Leases Feature Annual Rent Bumps

Excellent Access & Visibility

within Adams Hills Office Park

1 Mile from

Ascension St. John Jane Phillips Medical Center (133 Beds)

Property details
  1. Two Tenant Healthcare Property Anchored by the Largest Orthopedic Specialists in the Tulsa Area
  2. NNN Leases with Attractive Annual Increases Providing an Excellent Hedge Against Inflation
  3. Minimal Landlord Maintenance Responsibilities Limited to Roof Replacement Only
  4. Both Tenants Reimburse a 5% Management Fee Making this Truly Passive to Out of State Investors
  5. Sustainable, Below Market Rents for Medical Office Space
  6. Tulsa Bone & Joint has Been the Regional Leader in the Tulsa Area for Over 24 Years with 33 Physicians
    • Extended Their Lease Early Showing their Long-Term Commitment to this Location
  7. Approximately 45 Miles from Downtown Tulsa
  8. Nerve Renewal Neuropathy Clinic Signed a 10-Year Lease with 3% Annual Increases
    • Only Practice in the City Focused on Pain Management
  9. Located Directly Off Two of the Most Heavily Trafficked Roads in Bartlesville
    • Combined 42,500 ADT at Highway 75/SE Washington Blvd & SE Adams Blvd
  10. Excellent Access & Visibility within the Adams Hills Office Park with Ample Parking
  11. 1 Mile from Ascension St. John Jane Phillips Medical Center (133 Beds)
  12. Robust, Affluent Demographics with an Average Household Income of $91,753 within a 3-Mile Radius
  13. MSA Population of Over 1 Million and Growing
  14. Tulsa Metro GDP of $67.5 Billion in 2023
  15. Qualifies for 100% Bonus Depreciation via Cost Segregation

In Association with ParaSell, Inc. | A Licensed Oklahoma Real Estate Broker #183645

Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc. / Broker
OK RE Lic#183646
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
13,511
SF
Lot Size
1.1
AC
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc. / Broker
OK RE Lic#183646