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Utica Park Clinic 4150 SE Adams Rd 13,238 SF 100% Leased Office Building Bartlesville, OK 74006 $3,600,000 ($271.94/SF) 7.60% Cap Rate
Executive Summary
Strong Guarantor: Utica Park Clinic and guaranteed by AHS Hillcrest Healthcare System. Utica Park Clinic consists of over 325 providers across more than 30 specialties and has over 85 clinics across 22 communities in Oklahoma.
Recent Expansion: Utica Park Clinic recently expanded into 100% of the building and executed a long term lease with 2% annual increases showing commitment to the market and site.
Class A Construction: The subject building is over 13K sqft allowing Utica Park Clinic to offer diverse and expansive variety of medical services, ranging from primary care and cardiology to specialized treatments in orthopedics, bariatric surgery, and women’s health.
Demographics: Bartlesville is a growing community outside of Tulsa and is home to both globally recognized firms and small, niche companies. Business is Bartlesville is synonymous with a high quality of life in a small city with easy urban access.
Recent Expansion: Utica Park Clinic recently expanded into 100% of the building and executed a long term lease with 2% annual increases showing commitment to the market and site.
Class A Construction: The subject building is over 13K sqft allowing Utica Park Clinic to offer diverse and expansive variety of medical services, ranging from primary care and cardiology to specialized treatments in orthopedics, bariatric surgery, and women’s health.
Demographics: Bartlesville is a growing community outside of Tulsa and is home to both globally recognized firms and small, niche companies. Business is Bartlesville is synonymous with a high quality of life in a small city with easy urban access.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
13,238 SF
Building Class
B
Year Built
2005
Price
$3,600,000
Price Per SF
$271.94
Cap Rate
7.60%
NOI
$273,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
13,238 SF
Building FAR
0.20
Lot Size
1.48 AC
Zoning
AA1
Parking
104 Spaces (7.86 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Utica Park Clinic | 4150 SE Adams Rd
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