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27 E Sheridan Ave
Oklahoma City, OK 73104
Bradford Building · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Historic tax credit available
- Designated opportunity zone
- Streetcar stop one block away
- Vibrant urban core
- 90+ year lease interest and 35 non-designated parking space use
EXECUTIVE SUMMARY
Newmark Robinson Park is pleased to present the opportunity to participate in our planned acquisition of the Bradford Building located at 27 E. Sheridan Avenue, Oklahoma City, Oklahoma (the “Property”).
The Property is prominently positioned in Bricktown, home to downtown OKC’s entertainment district with many redeveloped and repurposed warehouse spaces for retail, dining and shopping destinations. Other notable attractions to Bricktown includes its major year-round Sporting and Entertainment events, bringing in a large number of tourists to the
area.
The Property rent roll provides a blend of predictable cash flow and value add opportunity. There is also opportunity for investors to acquire a 90+ year lease interest with the right to use 35 parking spaces located behind the Bradford Building.
With its designated opportunity zone, desired value add of Bricktown’s thriving urban core and historical building benefits, it is no surprise that the Bradford Building is an excellent redevelopment opportunity for investors as loft space, executive suites, and more.
The Property is prominently positioned in Bricktown, home to downtown OKC’s entertainment district with many redeveloped and repurposed warehouse spaces for retail, dining and shopping destinations. Other notable attractions to Bricktown includes its major year-round Sporting and Entertainment events, bringing in a large number of tourists to the
area.
The Property rent roll provides a blend of predictable cash flow and value add opportunity. There is also opportunity for investors to acquire a 90+ year lease interest with the right to use 35 parking spaces located behind the Bradford Building.
With its designated opportunity zone, desired value add of Bricktown’s thriving urban core and historical building benefits, it is no surprise that the Bradford Building is an excellent redevelopment opportunity for investors as loft space, executive suites, and more.
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Property Size
27,860 sq ft
Costar Property Class
C
Year Built/Renovated
1920/2014
Price
£2,181,107
Price per sq ft
£78.29
Occupancy Rate
27%
Tenancy
Multiple
Number of Floors
4
Floor To Floor Height
14 ft
Plot ratio
3.55
Total Plot Size
0.18 ac
Opportunity Zone
Yes
Use Class
BC with DP Overlay - District Overlay
Parking
35 Spaces (1.26 Spaces per 1,000 sq ft Leased)
Frontage
52 ft on Sheridan Ave
PROPERTY TAXES
| Parcel Number | 020027025 | Improvements Assessment | £193,798 |
| Land Assessment | £39,800 | Total Assessment | £233,598 |
PROPERTY TAXES
Parcel Number
020027025
Land Assessment
£39,800
Improvements Assessment
£193,798
Total Assessment
£233,598
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