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700 24th Ave NW
Norman, OK 73069
Asking Price
$7.00M
Cap Rate
6%
Asset Type
Medical Office Office
Class
Class B
What's Special
Office | 6.00% CAP | 18,652 SqFt <ul><li>Fully Leased to Mercy Health, a nationally recognized, investment-grade healthcare provider.</li><li>Two percent per annum for 10 years, absolute net with zero landlord responsibilities.</li><li>Located near the main retail corridor, just minutes from the University of Oklahoma and only twenty miles south of Oklahoma City.</li><li>Less than half a mile east of I-35 with easy interstate access and 2.5 miles north of State Hwy-9.</li><li>Oklahoma City employs more than 60,000 health c
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NOI
$80,000
Cap Rate
1.14%
DSCR
0.19
Underwater
Cash-on-Cash
-15.98%
Monthly Payment
$34,607.443
Annual Cash Flow
$-335,289.321
