Regus Business Center

-

LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	9.5 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

The 21,890 SF office building is situated off of East 71st Street (34,119 VPD) near Riverside Drive (37,480 VPD). The property is located less than a mile north of Oral Roberts University, one mile south of Southern Hills Country Club and eight miles south of the downtown Tulsa CBD. Tulsa is the second-largest city in Oklahoma with a 2014 population of 398,899, and the principal municipality of the Tulsa Metropolitan Area, a region with 961,561 residents (25% of the state population). The gross product or value of all goods and services produced in the seven-county MSA is estimated to be $42.6 billion, or 30.4% of the Oklahoma economy. Though the oil industry has historically dominated Tulsa's economy, efforts in economic diversification have created a base in the sectors of aerospace, finance, technology, telecommunications, high tech, and manufacturing.The Tulsa metro region perfectly balances convenience and affordability with the advantages of a talented workforce, a central location and a pro-business atmosphere. These assets combine to make an ideal home for progressive companies competing in a global economy. General qualities that attract new companies and others to Tulsa are a sound infrastructure, a cost of doing business that is 15 percent below the U.S. average and a cost of living that is 12 percent below the U.S. average.

Highlights

Tenant History and Commitment – Regus has operated the facility as an executive suite/business center since 2007 and recently entered into a ten (10) year renewal signifying their commitment to the location.Long Term, NNN Lease – Approximately 9.5 years remaining on a 10 year NNN lease.Market Leading Operator – Regus is the leading global provider of flexible workspace solutions. The company operates over 2,200 centers and reported FY 2014 revenues in excess of $1.8 billion, which represented a 9.3% increase over FY 2013 revenues.Rapidly Growing Industry – Shared or co-working office space represents just 2% total available office space, but as the way people work evolves and the demand grows for flexible workspace options, this figure is expected to increase significantly. Regus alone added over 450 locations in 2013-2014, which represented a 25% increase in their network of locations, and it is estimated that the shared workspace industry will grow by 3% annually over the next five years.Location – The property is located in the Southbridge Office Park approximately 10 minutes from Tulsa’s Central Business District and is in the immediate vicinity of numerous businesses, banking institutions and hotels.

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.