Citizen Potawatomi Nation Acquires 250K SF Office Building In Oklahoma City For $27M
3030 Northwest Expressway
$27,000,000
$108/SF
Building Size
250,000 SF
Asset Type
Office
Closing
Dec 1, 2023
AI
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
Oklahoma City Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93