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Citizen Potawatomi Nation Acquires 250K SF Office Building In Oklahoma City For $27M

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SOLD
$27,000,000

Oklahoma

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Office250,000 SF
Sold 12/01/2023
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SOLD

Citizen Potawatomi Nation Acquires 250K SF Office Building In Oklahoma City For $27M

3030 Northwest Expressway

See Similar Deals
Office250,000 SF
Sold 12/01/2023
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Summary

OKLAHOMA
Asset Type:Office
Price Per Square Foot:$108
Total Square Footage:250,000 SF
Transaction Type:Sale

The Citizen Potawatomi Nation, with 38,000 members, has acquired the 250,000-square-foot Union Plaza office building in Oklahoma City for $27 million. The property, located at 3030 Northwest Expressway, was sold by Marcel Arsenault of Real Capital Solutions. The sale price equates to $108 per square foot, highlighting the value of the transaction.

Summary of transation details

  • Property Type: Office
  • Transaction Amount: $27,000,000
  • Address: 3030 Northwest Expressway
  • Market: Oklahoma City, OK
  • Buyer: Citizen Potawatomi Nation
  • Seller: Marcel Arsenault - Real Capital Solutions

The Citizen Potawatomi Nation's acquisition of the Union Plaza office building showcases their investment in the Oklahoma City market. With a transaction of this magnitude, it highlights the confidence and growth potential of the region. This deal underscores the importance of strategic real estate investments for organizations like the Citizen Potawatomi Nation, as they continue to expand their portfolio.

Players

7 deals$432.6M volume
SELLER

Real Capital Solutions (RCS)
SELLER

Details

SOLD
IMAGE: Marcel Arsenault DATE: 12/01/2023 ADDRESS: 3030 Northwest Expressway MARKET: Oklahoma City, OK ASSET TYPE: Office BUYER: Citizen Potawatomi Nation SELLER: Marcel Arsenault - Real Capital Solutions SALE PRICE: $27,000,000 SF: 250,000 ~ PPSF: $108 NOTE: The Citizen Potawatomi Nation, with 38,000 members, has acquired the 250,000-square-foot Union Plaza office building in Oklahoma City for $27 million, paying $108 per square foot.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$95,925.30
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