TULSA CENTER FOR BEHAVIORAL HEALTH

2323 S Harvard Ave, Tulsa, OK 74114
$6,750,000

Price Per SF
$41
Gross SQFT
164,000
Year Built
1965
Occupancy
25%
NOI
$515,354
Property Type
Healthcare

INVESTMENT HIGHLIGHTS

  • Great Location – Strong demographic area with over 230,000 people within 5 miles.
  • Value-Add Opportunity – Partially vacant building can be backfilled to increase NOI.
  • Growing Market – The already populous Tulsa region is projected to grow by another 0.40% in the coming 5 years.
  • Development Potential – Large lot size brings developers a chance to rebuild structures for alternative use such as apartment buildings or office space.
  • Strong Guarantor –  The Tulsa Center for Behavioral Health is backed by the State of Oklahoma, accredited by the Joint Commission and certified by the Centers for Medicare and Medicaid as a full-service psychiatric hospital.
  • E-Commerce & Recession-Resistant – Healthcare properties are extremely sought-after investments for their resistance to downturns in the economy and e-commerce trends that affect traditional retail properties.
  • Multi-Billion Dollar Industry – According to Fortune Business Insights, the US Behavioral Health market size is projected to grow from $77.62 billion in 2021 to $99.40 billion in 2028 at a CAGR of 3.6% during that time.
  • Highly Visible – This location sits on S Harvard Ave, which sees an average of over 14,000 VPD. This ease of access and high visibility is essential for patients’ demand for access to healthcare.
  • Previous Doctor’s Hospital – Vacant portion of the building was previously used as a doctors hospital for emergency, ICU, medicine, physician, and treatment center
  • Affluent Area – Average Household incomes within 1 mile are over $90,000
  • Nearby Tulsa Fairground – Less than 1 mile away from the Tulsa State Fair, Tulsa Flea Market, Tulsa Expo Center and The Pavilion event arena

Broker of Record

  • Kyle Matthews
  • License No. 180759 (OK)
  • (866) 889-0550
  • Matthews Real Estate Investment Services, Inc
  • 1600 West End,
    Ste. 1500 Nashville, TN 37203
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