14001 McAuley Boulevard, Oklahoma City, OK, 73134

Description

Memorial Medical Building presents an excellent value-add opportunity in the booming Oklahoma City market. Built in 2007 and meticulously maintained over time, 14001 McAuley Boulevard is perfect for an array of different office and medical users. The stately two-story stone building is inviting for employees and visitors alike. Perched on 1.37 acres there is plentiful surface parking on site. Guests are greeted with a sunny two-story lobby upon entering the property. Presently, the asset is 21% occupied allowing for a wide array of options for owners moving forward. There are currently two tenants in the building on month-to-month leases. The new owners can continue renting space to these tenants and renegotiate terms to yield a higher return on investment. The vacancies can be used for the new owner’s business, or to lease out at market rates.

The Northwest Submarket is the largest submarket in Oklahoma City with 14.7 million square feet of inventory. Encompassing half of the City of Nichols Hills and the Oklahoma City Golf and Country Club, tenants in the area have a highly educated and affluent labor force to draw. The submarket boasts a highly educated workforce, with 68% of adults in the region having a bachelor's degree or higher. While much of the tenant base in this submarket is still highly concentrated in the energy industry with companies like EOG Resources, Mammoth Energy Partners, and Chaparral Energy all having a presence in the submarket. The area has increasingly diversified its tenant base with INTEGIS Health, Liberty Dental Plan, and the Avens Group building new facilities or signing leases in existing buildings.

This section of Oklahoma City is perfect for investors and owner/users alike. Memorial Medical Building is just off of I-344 (John Kilpatrick Turnpike) in the bustling corridor with businesses, retail, leisure activities, and more within easy access. Several medical users nearby create perfect synergy in the area with Mercy Hospital Oklahoma City, Dermatology and Aesthetics of Oklahoma, Blankenship Dental & Associates, Oklahoma Heart Hospital, and others directly across the street. Nearby conveniences include Panera Bread, Chick-Fil-A, Barnes & Noble, Walmart Supercenter, and more. The city has been expanding in recent years, and Oklahoma City proper is a breeze to get around.

Property tours are available by appointment only, please contact the listing broker to schedule.

Located a half mile west of the Kilpatrick Turnpike and Hefner Parkway on the north side of Memorial Road.