16205 Pennsylvania Ave, Edmond, OK 73013-7325
- Medical Office Space
- 3,600 SF
- 0.59 lot acres
Current Use by Public Records
- ASHTON ROBERTSON / Physician
- Access Medical Center Urgent Care Edmond / Medical Clinic
- Dr. Kyle E. Hollingsworth, MD / Physician
- Jean Felix Cyriaque / Pediatrician / Physician
- Dr. Bruce D. Cornett, DO / Physician
Property Details for 16205 Pennsylvania Ave
- Year built
- 2010
- Construction
- WOOD FRAME
- Lot size
- 0.59 lot acres
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 14-053-3045
- APU
- 140533045
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 21, 2025 | $1,609,000 | Rh3 Properties LLC | Edmond Holdings LLC | Special Warranty Deed | — |
| Dec 19, 2023 | — | Edmond Holdings LLC | Bristol Pointe Holdings Llpn | Special Warranty Deed | — |
| Jul 25, 2016 | — | Bristol Pointe Holdings Lllp | Hartford Construction LLC | Warranty Deed | $272k · Frazer Bank |
| Dec 8, 2009 | $206,500 | Medex Properties LLC | Ting Sean Living Trust | Grant Deed | $765k · Citizens State Bank |
Description
This Edmond, OK medical office building offers a compelling investment opportunity. The 3,615 square foot property is under a 15-year absolute NNN lease with a corporate guarantee from a rapidly growing national urgent care provider, boasting 4.5-star Google reviews. The lease, commencing May 1, 2015, and expiring April 30, 2030, has approximately 5.4 years remaining, with three 5-year options. The tenant enjoys 2% annual rent increases, providing a hedge against inflation. The property sits on a 0.59-acre lot and generates a strong NOI of $112,616, resulting in a 7% cap rate. Its prime location within a vibrant retail corridor near Quail Springs Mall and major amenities ensures high patient traffic. The surrounding area features a densely populated market with high average household income, proximity to a major hospital, and a strong educational presence. This recession-resistant asset class, within a booming urgent care market, presents a stable and attractive investment opportunity with significant upside potential. The asking price is $1,608,800. Built in 2014, this fee-simple property offers a hands-free investment with minimal landlord responsibilities.
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Location Insight
- Map
- Local Demand
- City
- Edmond
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.5502
- Latitude
- 35.6359
- CBSA code
- 36420
- CBSA name
- OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA
