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50 Penn Place

Off-Market

1900 Northwest Expwy, Oklahoma City, OK 73118

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  • Property Type Office - General Office
  • Property Size 320,996 SF
  • Lot Size 10.27 Acre
  • Parking Spaces Avail. 1283
  • Parking Ratio 4.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1974

Location

  • Walk Score ® Somewhat Walkable (62)
  • Transit Score ® Some Transit (28)
  • Bike Score ® Somewhat Bikeable (46)
Powered by Walk Score ®
  • City Oklahoma City, OK
  • Neighborhood Suggs Park
  • Zip Code 73118
  • Market Oklahoma City

Points of Interest

Dewey Avenue

3.21 miles

North Hudson

3.26 miles

Midtown

3.37 miles

Art Park

3.41 miles

Northwest 10th Street

3.45 miles

Law School

3.63 miles

Automobile Alley

3.64 miles

Transit Center

3.78 miles

Memorial Museum

3.82 miles

Federal Courthouse

3.84 miles

Circle K

0.71 miles

7-Eleven

0.92 miles

E-Z Shop

1.11 miles

Seven Days Food Store

1.30 miles

OQK Quick Stop

1.37 miles

OnCue

1.45 miles

Saving Spot

1.50 miles

Seven-Eleven Food Stores

1.52 miles

Shell City Express Mart Food

1.53 miles

T and B Express

1.66 miles

Penn Square Mall Multi-Story Parking

0.30 miles

Crown Heights Christian Church Parking

1.09 miles

Crown Heights Christian Church Parking

1.11 miles

Crown Heights Christian Church Parking

1.14 miles

Crown Heights Christian Church Parking

1.14 miles

Memorial Park Parking

1.25 miles

Chesapeake Central Park

1.30 miles

Chesapeake Car Park 4

1.38 miles

Chesapeake Car Park 2

1.40 miles

Chesapeake Car Park 1

1.49 miles

Hyatt Place Oklahoma City - Northwest

0.46 miles

Hyatt Place Oklahoma City Northwest

0.47 miles

Hyatt Place Oklahoma City Northwest

0.47 miles

Hyatt Place Oklahoma City Northwest

0.47 miles

Courtyard Oklahoma City Northwest

0.47 miles

Habana Inn

0.71 miles

Sleep Inn and Suites

0.79 miles

Sleep Inn & Suites Oklahoma City Northwest

0.79 miles

Waterford Marriott

0.89 miles

Renaissance Waterford Oklahoma City Hotel

0.93 miles

Olive Garden

0.07 miles

Texas De Brazil

0.16 miles

Whiskey Cake Kitchen & Bar

0.16 miles

The Cheesecake Factory

0.29 miles

McDonald's

0.42 miles

Casa De Los Milagros Mexican Restaurant And Cantina

0.58 miles

IHOP

0.58 miles

Chili's

0.61 miles

Braum's

0.67 miles

Jimmy's Egg

0.68 miles

Monroe Elementary School

0.72 miles

Belle Isle Enterprise Middle School

0.82 miles

Horace Mann Elementary School

0.91 miles

Putnam Heights Academy

1.00 miles

Putnam Heights Academy

1.01 miles

Bishop McGuinness Catholic High School

1.02 miles

Sequoyah Elementary School

1.18 miles

University Heights School

1.32 miles

Westminster School

1.36 miles

Oklahoma City University

1.50 miles

Apple Tree Early Childhood Daycare Center and Development

1.69 miles

University Chosen Few Childcare Center

2.03 miles

First Start Childrens Center

3.07 miles

Candyland Child Development Center

3.15 miles

Carver Mark Twain Head Start (Kiwanis Special Activities Fund)

3.77 miles

Wonderland

4.05 miles

Kiddie Village Head Start

4.48 miles

Childtime Child Care

4.59 miles

Small Society Child Development Center

7.41 miles

Childcare Network

9.54 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 04 Apr, 2011
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in Oklahoma City

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Oklahoma City Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $17.51
  • 2020 Office Vacancy Rate 16.90%
  • 2020 Office Completions (SF) 92,560

Oklahoma City Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $122.14
  • Y-o-Y Avg. PpSF Change 17.13%
  • 2020 Office Sales Volume $265.1M
  • 2020 Number of Transactions 9
View more Oklahoma City market trends

Tax

  • Property Tax in 2021 $226,339
  • Market Value* $17,482,000
  • Assessed Value $17,482,000

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 50 Penn Place?

50 Penn Place totals 320,996 square feet.

When was this property built?

50 Penn Place was built in 1974.

When was 50 Penn Place last sold?

50 Penn Place was last sold on 04 Apr, 2011.

What is the property tax for 50 Penn Place?

The property tax for 50 Penn Place in 2021 was $226,339.

What is the market value for 50 Penn Place?

The market value* for 50 Penn Place in 2021 was $17,482,000.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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