700 24th Avenue Northwest
Norman, OK 73069
For Sale
18,652 sqft
Sale Price
$6,995,000
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Medical For Sale - Available Immediately
An attractive opportunity for investors seeking to acquire a high-quality medical office asset with a credit tenant, long-term lease structure, and compelling returns in the healthcare submarket.
Asking Price: $6,995,000
NOI: $419,670
Cap Rate: 6.00%
Lease Term: 10 Years
Rent Commencement: 08/01/2026
Lease Expiration: 08/01/2036
Building Size: 18,652 SF
Lot Size: 2.43 AC
Get in touch
Evan Brown
Stuart Graham
Logan Sadler
CBRE is pleased to present the opportunity to acquire 700 24th Avenue NW, a stabilized, single-tenant medical office building fully leased to Mercy Health, a nationally recognized, investment-grade healthcare provider. The 18,652± square foot, purpose-built clinical facility is secured by a newly executed 10-year absolute NNN lease, providing investors with long-term, passive income. The offering delivers durable, bond-like cash flow backed by a strong-credit tenant.
Designed to accommodate a broad range of healthcare services, the property features an efficient floor plan, quality construction, and ample on-site parking. The asset benefits from its location within a dense medical office area, reinforcing long-term tenancy and healthcare-driven demand fundamentals.
Designed to accommodate a broad range of healthcare services, the property features an efficient floor plan, quality construction, and ample on-site parking. The asset benefits from its location within a dense medical office area, reinforcing long-term tenancy and healthcare-driven demand fundamentals.
Strategically positioned along 24th Avenue NW between Main Street and Robinson Avenue, the property sits within one of Norman’s primary retail and office trade areas. The high-traffic corridor of 24th Ave NW provides excellent visibility and accessibility. The location is further enhanced by proximity to the University of Oklahoma, one of the state’s largest employment and economic anchors.
Total Space Available
18,652 sqft
Sale Price
$6,995,000
Get in touch
Evan Brown
Stuart Graham
Logan Sadler