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4242 S Sheridan Rd
Tulsa, OK 74145 Stevenson

$13,500,000

Schools For Sale  •  66,000 Sq Ft

Property Details

  • Property Type Schools
  • Total Building Size 66,000 Sq Ft
  • Lot Size 3.97 ac
  • Building Class B
  • Year Built 1984
  • Cap Rate 8.58 %
  • Zoning IL
26 Transit Score
46 Walk Score

Description

JPS Commercial Real Estate on behalf of the fee simple title owner is pleased to offer this opportunity to acquire a package of Community Higher Education NNN properties having Three Campuses. Three Colleges, in One Community. Community Care College occupies a 66,000 square foot building located in Tulsa, Oklahoma in the Midtown submarket, operating under a new NNN lease. The 10-year lease begins July 1, 2019, and ends June 30 first, 2029. There are no Landlord responsibilities. Community Care College was founded in 1995 and moved into the building in 2003. Bestcolleges.com has selected Community Care College the best community colleges in Oklahoma for 2017. The Community Care commercial site is one of three properties that are offered as a package, Oklahoma Technical School and Clary Sage Collage can be purchased separately. The property is centrally located in Tulsa providing excellent access to nearby Interstate highways and arterials. It has excellent student demographics. The Tenant, Community Care College is a non-profit private career college. Community Care College is the main campus with two branches, Clary Sage College and Oklahoma Technical College. At Community Care College, a student receives a high-quality, career-oriented education in a hands-on environment. For more tenant information see their website.

Highlights

New long term lease.
Minimal landlord responsibilities.
Nonprofit tenant.

Property Flyers

Financial Summary

Cap Rate: 8.58 %

Major Tenants

Tenant SF Occupied Lease End Date
Community Care College 60,720 SF 6/30/2029

Amenities

  • Bus Line
  • Signage

Public Transportation

AirportDriveWalkDistance
Tulsa International Airport 19 min - 9.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 172
Type: Surface
Included in Rent: Yes
Jim Stephens 918-810-5411 JPS Real Estate
Jim Stephens 918-810-5411 JPS Real Estate