Single-Tenant Medical Office
For Sale
$6,995,000
700 24th Avenue Northwest, Norman, OK 73069
Purpose-built medical office building is fully leased on an absolute NNN basis to Mercy Health.
Property Size18,652 SF
Price / SF$375.03
Days on Market68
Property Features for 700 24th Avenue Northwest
General Information
Standard status
Active
Size
18,652 SF
Property subtype
Healthcare
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
CBRE | Oklahoma City
(405) 315-5135
Listed By:
Evan Brown · License #OK208633
(405) 315-5135
Source:
Cbre
Added: Jun 17
Changed: Aug 23
Last Checked: Aug 21 at 10:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Oklahoma City
Investment Insights
Based on property information with market context.
700 24th Avenue NW is a stabilized, single-tenant medical office building built for clinical use. The 18,652± square foot facility is secured by a newly executed 10-year absolute NNN lease and is fully leased to Mercy Health.
The property is positioned along 24th Avenue NW between Main Street and Robinson Avenue, within a dense medical office and retail trade area in Norman. It offers access and visibility from a high-traffic corridor and includes ample on-site parking.
Designed with an efficient floor plan, the building is presented as a purpose-built clinical facility intended to accommodate a broad range of healthcare services.
The property is positioned along 24th Avenue NW between Main Street and Robinson Avenue, within a dense medical office and retail trade area in Norman. It offers access and visibility from a high-traffic corridor and includes ample on-site parking.
Designed with an efficient floor plan, the building is presented as a purpose-built clinical facility intended to accommodate a broad range of healthcare services.
Key Highlights
- 1994‑built, purpose‑built medical office building with 18,652± SF
- Fully leased single‑tenant property to Mercy Health
- Newly executed 10‑year absolute NNN lease
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
909
Businesses Nearby
Explore this area
Business Placement
Demographics for 73069, OK
26,464
Population
12,719
Households
2.1
Avg Household Size
32
Median Age
45%
College-Educated
93%
High-School Grad
15.7 sq mi
ZIP Area
1,686
Density / Sq Mi
$55,699
Median Household Income
$34,151
Median Earnings
$1,031
Median Rent
$212,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Purpose-built medical office building is fully leased on an absolute NNN basis to Mercy Health.
Where is this medical center located?
The property is located at 700 24th Avenue Northwest Norman, OK.
What is the asking price?
The asking price for this property is $6,995,000.
What are key features of this property?
This property features: 1994‑built, purpose‑built medical office building with 18,652± SF; Fully leased single‑tenant property to Mercy Health; Newly executed 10‑year absolute NNN lease
