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1425 E Lincoln Rd
Idabel, OK 74745
McCurtain Memorial Medical Complex · Office Property For Sale
Executive Summary
RECESSION-RESISTANT ASSET Medical office buildings are well-positioned to weather recessions due to sustained demand for healthcare and an aging population. By 2030, there will be 78 million people 65 years and older compared to 76.7 million under the age of 18 (U.S. Census Bureau). ESSENTIAL BUSINESS/OFFICE According to the U.S. government and the State of Oklahoma, physicians, laboratory personnel, distributors of medical equipment, and other medical offices have been deemed essential and have not closed their businesses during the current pandemic. DIVERSIFIED TENANT MIX This investment provides a diversified income stream among +/- 4 tenants. Each of the +/- 4 tenants operate in the medical services industry and have a long-standing operating history. PROXIMITY TO MCCURTAIN MEMORIAL HOSPITAL This medical office location is positioned directly adjacent to McCurtain Memorial Hospital. As a result of this, there are many complementary tenants nearby such as a family clinic, a physical therapy office, and the McCurtain County Health Department. COMMITMENT TO THE FACILITY Ultimate Home Care Services (A4-5) and Ultimate Healthcare Equipment (A2) have recently exercised a 3 year extension to the lease, demonstrating their commitment to the facility. RECENT BUILDING IMPROVEMENTS Within the last +/- 12 months, there have been significant upgrades to the building including 3 new HVAC units, tenant interior upgrades, and other building systems. POTENTIAL VALUE-ADD The buyer of this property will potentially be able to raise rents as the most executed lease has a higher RPSF than the other leases that were signed in 2017. PROXIMITY TO MYEYEDR. IDABEL OFFICE Suite A-1 is occupied by the MyEyeDr. Idabel Office, which is a busy eye care center. The MyEyeDr. Idabel Suite A-1 is also listed for sale with B+E Net Lease. In Association with Jordan James 139688
PROPERTY FACTS
Property Type | Office | No. Stories | 1 |
Property Subtype | Medical | Year Built/Renovated | 1989/2018 |
Building Class | B | Parking Ratio | 14/1,000 SF |
Lot Size | 1.82 AC | APN / Parcel ID | 1399-05-08S-24E-4-013-00 |
Rentable Building Area | 10,000 SF |
Property Type | Office |
Property Subtype | Medical |
Building Class | B |
Lot Size | 1.82 AC |
Rentable Building Area | 10,000 SF |
No. Stories | 1 |
Year Built/Renovated | 1989/2018 |
Parking Ratio | 14/1,000 SF |
APN / Parcel ID | 1399-05-08S-24E-4-013-00 |
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Listing ID: 20217347
Date on Market: 7/9/2020
Last Updated:
Address: 1425 E Lincoln Rd, Idabel, OK 74745
The Office Property at 1425 E Lincoln Rd, Idabel, OK 74745 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.