Fenway Capital Advisors Acquires Office Property From WPX Energy In Tulsa For $65M
222 North Detroit Avenue
$65,000,000
$249/SF
Building Size
260,283 SF
Asset Type
Office
Closing
Aug 26, 2025
About this deal
AI
Fenway Capital Advisors acquired an office property located at 222 North Detroit Avenue in Tulsa, OK. The transaction was completed for a sale price of $65 million, involving a total square footage of 260,283. The price per square foot for the property was established at $250.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $65,000,000
- Address: 222 North Detroit Avenue
- Market: Tulsa, OK
- Square Footage: 260,283
- Price per Square Foot: $250
- Buyer: Fenway Capital Advisors
- Seller: WPX Energy
- Mortgage Amount: $45,000,000
- Lender: JLL Capital Markets
The buyer, Fenway Capital Advisors, and the seller, WPX Energy, were key players in this transaction. JLL Capital Markets facilitated the arrangement of a $45 million mortgage to support this acquisition.
On the Map
$65,000,000
$249/SF
Office
View full map
Players
Broken Arrow Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Broken Arrow office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93