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222 North Detroit Avenue

BOK Financial Provides $45 Million Acquisition Loan For 222 North Detroit Office In Tulsa
FINANCEDOffice

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

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:

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.

Players

Gregory Napper

JLL

Broker

$855.7M

vol

5 deals

Broker
JLL
JLLBrokerage
BOK Financial
BOK FinancialLender

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