620-650 24th Ave SW
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620-650 24th Ave SW
16,938 SF 100% Leased Office Building Norman, OK 73069 $3,850,000 ($227/SF)
Investment Highlights
- Find office space well-designed to today's business needs for a productive and efficient workplace at Peppertree Office Park.
- Minimally designed and fully furnished with welcoming lobbies, large conference rooms, plenty of storage, spacious private offices, and more.
- Peppertree Office Park is at the corner of 24th Avenue SW and just south of Boyd Street, minutes from all Norman, OK, has to offer.
- Conveniently reach the property as numerous major transportation routes are close, including I-35 and the 24th Street EMBARK station.
Executive Summary
Peppertree Office Park at 620-650 24th Avenue SW is the perfect opportunity to give businesses a brand-new, warm, and comfortable place to do the most efficient work and accommodate today's tenant needs. This complex has a welcoming lobby, open break room, large conference room, plenty of storage, spacious private offices, and a nice bullpen area for that open office concept. All the mentioned help individuals, teams, and clients be happy and productive in this office complex.
One mile from Interstate 35, Peppertree Office Park offers convenience to the greater Norman, Oklahoma area, north to Oklahoma City, and beyond. The property is ideally situated near a wealth of retail amenities, including Crunch Fitness, Hobby Lobby, ALDI, Chick-fil-A, Dillards, Sam's Club, Walmart Supercenter, and Best Buy. Norman, Oklahoma, is the state's third largest city, with over 128,026 residents who love the area's small-town charm and college-town energy. Norman is home to the University of Oklahoma, which many flock to for sporting events, academics, and history museums.
One mile from Interstate 35, Peppertree Office Park offers convenience to the greater Norman, Oklahoma area, north to Oklahoma City, and beyond. The property is ideally situated near a wealth of retail amenities, including Crunch Fitness, Hobby Lobby, ALDI, Chick-fil-A, Dillards, Sam's Club, Walmart Supercenter, and Best Buy. Norman, Oklahoma, is the state's third largest city, with over 128,026 residents who love the area's small-town charm and college-town energy. Norman is home to the University of Oklahoma, which many flock to for sporting events, academics, and history museums.
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
16,938 SF
Building Class
B
Year Built
2001
Price
$3,850,000
Price Per SF
$227
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,469 SF
Building FAR
0.27
Lot Size
1.43 AC
Parking
50 Spaces (2.95 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 620 24th Ave SW | 3,780 SF | Office | Full Build-Out | 30 Days |
| 1st Fl-Ste 640 24th Ave SW | 4,774 SF | Office | Full Build-Out | 30 Days |
1st Fl-Ste 620 24th Ave SW
| Size |
| 3,780 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Fl-Ste 640 24th Ave SW
| Size |
| 4,774 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
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1st Fl-Ste 620 24th Ave SW
| Size | 3,780 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
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1st Fl-Ste 640 24th Ave SW
| Size | 4,774 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
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Bike Score ®
Very Bikeable (75)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
8,856
63,371
118,214
2024 Population
8,936
65,518
123,734
Population Growth '20-'24
0.9%
3.4%
4.7%
2020 Households
3,876
24,823
46,930
2024 Households
3,907
25,867
49,230
Household Growth '20-'24
0.8%
4.2%
4.9%
Average Age
38
37
36
Median Household Income
$45,192
$52,469
$57,185
Daytime Employees
7,417
60,021
77,524
Total Businesses
889
4,796
6,494
College Degree + Higher
37%
43%
42%
PROPERTY TAXES
| Parcel Number | R0102229 | Improvements Assessment | $158,748 |
| Land Assessment | $65,925 | Total Assessment | $224,673 |
PROPERTY TAXES
Parcel Number
R0102229
Land Assessment
$65,925
Improvements Assessment
$158,748
Total Assessment
$224,673
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620-650 24th Ave SW
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