Stabilized Corporate Campus
4500 S. 129th East Avenue, Tulsa, Oklahoma
±549,919 SF Investment Opportunity
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Investment Highlights
4500 S 129th East Avenue Tulsa, OK
±549,919 SF 3 Story Secure Campus
More than 94% Occupied
Land Area 97.29 Acres
4.16/1,000 Parking Ratio
Immediate Access to 3 Major Highways
Strong & Diverse Tenant Mix
Diverse Corporate Tenancy and Uses Covering Office, Data/Tech and Healthcare Industries.
In-place Cash Flow
with Upside Via Mark-to-Market Increases.
Strong Historical Occupancy
Averaging More Than 94% Over the Last 7 years.
/3
1
Significant Data Center Use
for Multiple Top-Tier Tenants.
Popular Disaster Recovery Centers
for Fortune 500 Companies.
Multiple Points of Entry
36 with Majority of Tenants Having their Own Entrance.
2
Significant Discount to Replacement Cost
Irreplaceable fortress, originally developed as Occidental Petroleum's R&D facility.
Development Opportunity
Adjacent +/-16.7 Acres with 129th Street Frontage (zoned Scientific Research).
Institutionally Built and Maintained
$12 Million of Recent Capital Expenditures.
3
Location
Tulsa is home to industrious and ambitious global business leaders that solve problems and look beyond the horizon. Entrepreneurship made Tulsa the Oil Capital of the World and a global leader in aerospace innovation, which has expanded and diversified into billions for the regional economy, via industries such as manufacturing, logistics and professional services.
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Executive Summary
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Colliers is pleased to offer qualified investors the opportunity to acquire Corporate Woods, an approximate 549,919 SF, 94% occupied three-story, multi-tenant office campus located at 4500 S. 129th East Avenue in Tulsa, Oklahoma. Corporate Woods provides investors top tier tenancy and strong stabilized yield at a significant discount to replacement cost.
±549,919 SF Stabilized Corporate Campus
Recently renovated cosmetically and mechanically throughout, Corporate Woods, the 97-acre campus, was originally developed by Occidental (“Oxy”) Petroleum for their research and development, as a mission critical fortified facility. Today, Corporate Woods provides multiple high caliber tenants a tranquil corporate environment with significant outdoor spaces, featuring landscaped courtyards, jogging trails and large open manicured fairways, alongside many internal on-site amenities such as a state-of-the-art fitness center, open sky-lit common areas, a large full service café and over 4/1,000 parking. All of this, while bearing in mind a substantially strong secured fortress Corporate Woods was originally intended with an extensive over-built infrastructure. This choice location has been strategically selected, offering immediate accessibility to the three major Oklahoma arteries, Broken Arrow Expressway (Highway 51), Interstate 44 and US Route 169. The property also has immediate proximity to Tulsa International Airport, affluent neighborhoods, and Tulsa’s vibrant downtown.
Corporate Woods’ strong occupancy features attractive yield, supported by a diverse and resolute tenant base including data centers such as Zayo Group, Tulsa Connect and Verizon. Additionally, other tenants which have harbored their mission critical operations at the property are Avis Budget’s reservation center for 30 plus years, Sutherland Global, Occidental Petroleum and WinnerCom. Corporate Woods benefits from an institutionally minded ownership which has invested more than $12MM into the property. Corporate Woods is poised to continue upward trajectory for investors seeking stability, calculable returns and upside supported by a diverse well-heeled tenant roster. This Tulsa fortress provides certainty and history of strength in a steady predictable location.
North Lot 9.9 Acres
South Lot 6.8 Acres
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Virtual Tour 2
Virtual Tour 1
Market Overview
Premier Location & Submarket
Area Amenities
t u l s a
Gathering Place is a public open space covering approximately 67 acres of land. The $465 million dollar development is the brainchild of Tulsa multibillionaire and philanthropist, George Kaiser, and is designed by Michael Van Valkenburgh. Tulsa celebrated the park’s opening on September of 2018 by hosting 155,000 visitors in the first 10 days. In addition, the Gathering Place has commenced part two, a 50,000 square foot, $45 million Children’s Discovery Lab that will anchor the southern end of the park. Doors to the Children’s Discovery Lab are expected to open in the fall of 2021.
Financials
Full Financial Details
Please execute the below confidentiality agreement on the Colliers listing website in order to gain access and download the full financials and offering memorandum.
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fortified strength | exceptional yield 4500 S. 129th East Avenue, Tulsa, Oklahoma
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Jeremy Thornton
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