:: offering memorandum For Sale Office Property 16 Centre plaza 9933 EAST 16TH STREET :: TULSA, OK :: ±42,502 SF :: $2,635,124 ($62.00/sf)
TABLE OF CONTENTS PROPERTY HIGHLIGHTS 4 PROPERTY DESCRIPTION 5 FLOOR PLANS 6-7 SITE SURVEY 8 PICTURES 9 MAPS 10 FINANCIALS 11 TULSA HIGHLIGHTS 12-14 CONTACT INFORMATION 15 PAGE 2
PROPERTY HIGHLIGHTS Great Owner-User or Multi-Tenant Office Building Opportunity Previous Call Center (Heavily Wired) Adjacent to I-44 and 169 Interchange Close proximity to Tulsa International Airport Large Floor Plates (21,251 SF) Abundant Perimeter Windows Additional Vacant Land PAGE 3
PROPERTY DESCRIPTION LOCATION 9933 East 16th Street, Tulsa, OK 74128 SUBMARKET East Central BUILDING SIZE ±42,502 Rentable Square feet SITE SIZE ±5.85 Acres (±254,826 Square Feet) NO. OF STORIES Two (2) YEAR BUILT/RENOVATED 1982/1993 PARKING 356 Surface Spaces (8 spaces/1,000 RSF) including 12 ADA spaces ZONING CS Commercial Shopping Center District FLOOD ZONE Zone X (Area not Considered in Floodplain) FIRE & LIFE SAFETY Fully Sprinkled; Three Stairwells SECURITY ACCESS Card Access at Building Entry Doors and Tenant Suites HVAC Gas Package Units, Roof-Top Mounted ELEVATORS Two (2) Hydraulic Kone, 2,500 lbs. Capacity Electricity 460 volt, 3-phase, 600 amp Main ROOF Gravel Ballast GENERATOR Diesel Caterpillar Model 3406 470 KVa Capacity PAGE 4
FLOOR PLANS 1ST FLOOR PAGE 5
AS-BUI PLAN AS- FLOOR PLANS 2ND FLOOR archi tecture t e l 918. 7 4 f a x 9 1 8. 7 4 2021 south lewis tul sa, oklahom www. kktarchie t info@ kktarchite 3632.28 RSF 13,138.71 RSF DN 16 CENTR PLAZ DN 2ND FLOO 4432.15 RSF Occupied ELEC. ELEC. ELEC. PHONE ELEC. PHONE DN ACRO SCALE FILE NAME MANAGER A FLOOR PLAN SCALE: N.T.S. NORTH DRAWN BY 1-18-00 05-23-06 PAGE 6
SITE SURVEY PAGE 7
PROPERTY PICTURES PAGE 8
MAPS SITE PAGE 9
FINANCIALS Price $2,635,124.00 SF ±42,502 $/SF $62.00 Operating Expenses (100% Occupied) $6.20 Loan Amount (85%) $2,239,855.40 Equity (15%) $395,268.60 Interest Rate 6% Term 20 Years (10 Year Balloon) Principle & Interest $188,707.92 Projected Taxes $35,712.00 Projected Insurance $10,625.50 PITI $235,045.42 Cash Flow Analysis available upon request PAGE 10
Y TULSA HIGHLIGHTS Forbes Ranking Forbes Magazine recently ranked Tulsa in its top 10 for U.S. cities, including: #5 most livable U.S. city; #6 best city for job environment; #7 best city for U.S. income growth and #10 best city in the U.S. cost of living. Business Infrastructure Tulsa is a dynamic place offering the fifth-lowest cost for doing business in the U.S. In turn, Tulsa s workers benefit from the second shortest commute time in the nation, and the cost of living is almost nine percent below the national average. Tulsans enjoy a low cost of living. A diverse business base consisting of aerospace manufacturing and transportation, health care, telecommunications, petroleum and natural gas, and architectural and structural metals manufacturing strengthen and stabilize the regional economy. Recession Resistant Tulsans have been cushioned from the national recession with lower than national levels of unemployment. The MetroMonitor tracks economic recession and recovery in the nation s 100 largest metro areas and serves as an interactive barometer of the health of the country s metropolitan economies. Brookings Institution and MetroMonitor ranked Tulsa among the nation s top 20 strongest-performing metro areas in the United States. (March 15, 2010) Location Centrally located in the U.S., Tulsa is convenient to businesses looking for access and opportunity in the Midwest corridor and as an interchange from the east and west coasts. City Travel Tulsa s one-mile intervals in north-south and east-west arterial streets create a user-friendly transportation experience for drivers. Interstate 44, the city s major east-west thoroughfare, diagonally intersects Tulsa and serves east-bound travelers to Joplin, Missouri and west-bound travelers to Oklahoma City, the state s capital. Tulsa Transit Authority, the city bus system, services the main city corridor. Rd. e E 5 T LPA e. _ Dr. Blvd. North 65th W. Hilton Edison St. 412 Charles Page River 31st OAK- HURST (toll) Land Rd. 86st St. CREEK 117 49th W. Rd. THOMAS GILCREASE MUSEUM 21st St. S. 3B 1B 221 KIEFER Indiana 67 W. Museum Rd. 33rd Gilcrease Blvd. 1D 223 33rd W. Newton New Block 2 244 Union Osage MARTIN Reed Turkey Mountain OSAGE COUNTY TULSA COUNTY Southwest Blvd. 126th St. S. BEE-LINE 64 Union LUTHER 75 Cincinnati Crawford GLENPOOL Mohawk Apache Woodward GARDEN CTR. PHILBROOK MUSEUM OF ART MABEE CTR. Arkansas ORAL ROBERTS UNIV. LAKE YAHOLA SKELLY STADIUM TULSA STATE FAIRGROUNDS EXPO SQUARE Whiteside DRILLERS STADIUM LaFortune Mohawk 75 Pine St. OU-OSU TULSA 11 8 6B 7 9 10 Admiral Pl. 412 244 KING UNIV. HILLCREST OF MED. CTR. TULSA 11th St. S. + 75 ST. JOHN MED. CTR. 21st St. S. Main St. Elwood 46th Riverside Riverside Peoria Dr. Peoria 226 JONES AIRPORT St. St. N. 36th + SKELLY JENKS Elm ve. 226A Dr. Lewis Lewis Blvd. 131st St. S. 141st St. S. 151st St. S. CHEROKEE St. DRIVE 227 BROKEN Harvard Delaware TULSA ZOO St. N. JR. 56th 51 64 31st St. S. 41st St. S. 228 TURNPIKE GILCREASE 44 230 51st St. S. 229 61st St. S. + ST. FRANCIS HOSP. 71st St. S. Yale Rd. Sheridan 91st St. S. (toll) 101st St. S. 111th St. S. 121st St. S. St. N. EXPWY. McClure 81st St. S. TULSA INTERNATIONAL AIRPORT 67 Dr. Memorial 64 EXPWY. 12A 11 232 Hicks ARROW Mingo 12B 13A Rd. Mingo 81st ST. AIRPORT River 44 BIXBY EXPWY. VALLEY MINGO 169 64 169 Rd. Garnett Rd. Garnett 14 244 15 235 Yazzo 129th E. 51 236 HARVEY YOUNG AIRPORT EXPWY. Albany Kenosha TULSA COUNTY ROGERS COUNTY BROKEN Houston ARROW Washington BROKEN ARROW MED. CTR. + New Orleans Florence Tucson Jasper 145th E. 266 161st E. Pl. 151st St. lm St. Main PAGE 11
TULSA HIGHLIGHTS A view of the Tulsa skyline from Central, a new urban community located east of downtown. Renaissance The Tulsa population is growing and more diverse. New development is thriving (e.g. the BOK Center and ONEOK stadium) and the city s street infrastructure is improving. This renaissance offers investors a ready-position to capitalize in the upsurge. Tulsa Area Schools Oklahoma ranks No. 1 in the nation in early-childhood education, and the state and Tulsa area public schools are national leaders in the number of board certified teachers. In addition to the Tulsa Public School system, private and parochial systems within the Tulsa metro area also offer complete PreK - 12 programs. (Source: Tulsa Chamber of Commerce, 2010) Roberts University and Tulsa Community College along with several other institutions of higher learning. TU and ORU both compete in Division 1 athletics. Many area technical schools offer specialized training in a range of fields including culinary arts, medical and dental care, cosmetology, automotive, welding, electronics and computer technologies and landscape maintenance and design. Tulsa Young Professionals Upon graduation, the City of Tulsa is working with Tulsa s Young Professionals group to attract and retain the next generation of citizens and leaders. The group has 5,000 members. Higher Education and Technical Training Tulsa is the seat of the University of Tulsa, The University of Oklahoma/Tulsa, Oklahoma State University/Tulsa, Oral PAGE 12
TULSA HIGHLIGHTS The city of Tulsa offers a number of entertainment options to its residents and tourists and has invested in new venues and favorite cultural spots including: The BOK Center Opening in September, 2008, Tulsa s 19,199-seat arena houses the WNBA-franchise team, the Tulsa Shock and Double A professional hockey team, the Tulsa Oilers. BOK Center concerts have featured Paul McCartney, Billy Joel, Elton John, Eric Clapton, Tim McGraw and Celine Dion. land for mixed-use redevelopment is located in Tulsa s historic Greenwood District. River s Tulsa s River s runs adjacent to the Arkansas River, the north-south tributary with more than 26 miles of surfaced recreational (e.g. hiking, biking, and running) trails. The park s landscape ranges from manicured lawns to the ruggedness of the Turkey Mountain Urban Wilderness Area with picnic areas, playgrounds, fountains and sculptures. The Arts and Culture Art Deco During the 1920s, Tulsans enjoying the wealth from big oil wanted local architecture to reflect the modern, progressive city they knew as home. As was the style of the time, Art Deco architecture can be found all around the city. Many buildings were designed in the Zigzag, Depression Era (PWA) and Streamline Art Deco styles evident in the period. Of these, Tulsa s Boston Avenue Methodist Church was named by the Secretary of the Interior as a U.S. National Landmark in 1999. Tulsa Museums Tulsa is home to several unique museums including the Philbrook Museum of Art, with an impressive collection of Italian painting and sculpture, Native American baskets and pottery and 18th and 19th century oil paintings. Additionally, the Gilcrease Museum is home to the world s largest collection of American Western art. The works of Remington, Russell and Moran highlight more than 50,000 artifacts. The BOK Center hosts top-rated entertainment and is home to the city s new WNBA team, the Tulsa Shock. ONEOK Field ONEOK Field, home to the Tulsa Drillers, the city s Double A affiliate of the 2007 National League Champion Colorado Rockies, opened in April 2010. The $60-million-ballpark project which included the acquisition of the surrounding PAGE 13 Performance Arts The Tulsa Performing Arts Center offers live performances of local productions along with national touring shows. The Tulsa Opera and Tulsa Ballet are favorites in performance art. Both boast loyal season subscriber bases and corporate support.
16 Centre plaza 9933 EAST 16TH STREET :: TULSA, OK FOR MORE INFORMATION PLEASE CONTACT: Mary Martin, SIOR, CCIM First Vice President 918.392.7228 mary.martin@cbreok.com Leslie Kirkpatrick Sales Associate 918.392.7255 leslie.kirkpatrick@cbreok.com CB Richard Ellis Oklahoma 1401 South Boulder Avenue. Suite 100 Tulsa, OK 74119 www.cbreok.com 2011 CB Richard Ellis Oklahoma This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Part of the CB Richard Ellis affiliate network