BOK Financial Provides $45 Million Acquisition Loan For 222 North Detroit Office In Tulsa
222 North Detroit Avenue
$45,000,000
$172/SF
Building Size
260,283 SF
Asset Type
Office
Closing
Sep 11, 2025
About this deal
AI
222 North Detroit Avenue is a 260,283-square-foot office building located in Tulsa, OK. It was constructed in 2022 and has a current occupancy rate of 95%. The property was secured with a $45 million acquisition loan provided by BOK Financial.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $45,000,000
- Lender: BOK Financial
- Landlord: Fenway Capital Advisors
- Brokers: Gregory Napper, Blake Morrison & Brody Rule - JLL
- Loan Type: Acquisition
The financing for the borrower, Fenway Capital Advisors, was arranged by JLL. This transaction was initiated on September 11, 2025, and demonstrates the ongoing activity in the office market within Tulsa.
On the Map
$45,000,000
$172/SF
Office
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Players
Broken Arrow Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.35%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93