corporate headquarters - loopnet€¦ · tulsa overview the tulsa metropolitan statistical area...
TRANSCRIPT
12222 State Farm Boulevard | Tulsa, OK 74146CORPORATE HEADQUARTERS
properties.cbre.us/12222statefarm
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
EXECUTIVE SUMMARY
Architecturally appealing and idyllically situated on a landscaped campus, this two-story office building consists of 287,580 square feet. The Property is located on a vast 45-acre corporate campus that is approximately 10 miles southeast of downtown Tulsa along U.S. Highway 64. North of the Property, Interstates 44 and 244 connects the property with Tulsa’s major population centers and allows for ease of access from the entire metropolitan area. Benefiting from a low cost of living and a diverse economy, Tulsa ranks among America’s Most Livable Cities” (Forbes). Built in 1989 and recently modernized with over $5 million in capital improvements, the Property’s quality construction, convenient location, and significant capital investment reinforces this Property as a long-term home for any major employer. The Property includes a full service cafeteria, power generator for life safety, outdoor spaces, and office space for both executive and administrative staff. Total employee capacity could be 1,250.
EXECUTIVE SUMMARY
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
LOCATION 12222 State Farm Boulevard
BUILDING DESCRIPTION 2-story, Class B+ Office Campus
TOTAL SQUARE FEET 287,580
YEAR BUILT/ RENOVATED 1989 / 2010
ZONING “CO” Corridor District
SITE AREA 44.8 Acres
PARKING 958 Stalls / 3.33 per 1,000SF
EXTERIOR
Foundation: Reinforced concrete
Framing: Steel
Facade: Brick and stone veneer
Windows: Aluminum framed insulated glass
ROOFType: EPDM with ballast, 0.45mm
Installed: 1989, no remaining warranty
LIFE SAFETY Security and Sprinkler System
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
LOCATION
LOCATIONLOCATION & ACCESS
Situated just over 10 miles southeast from downtown Tulsa, the Property enjoys a highly convenient and visible location along a major east-west thoroughfare connecting it to multiple population centers. The Property‘s suburban location is enhanced by the numerous major highways and interstates that are within a few miles of the site. Interstates 244, 44, U.S. Highway 169 and U.S. Highway 64 (which the Property fronts), creating a truly accessible regional headquarters.
Highway 64
U.S. Highway 169
N
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
CAMPUS SETTING & AMENITIES
The Tulsa Operations Center overlooks an idyllic pond, and is surrounded by lush landscaping, complete with outdoor dining and relaxation areas. With a front facade of curved glass window lines, interlaid with brick and stone masonry, the Property possesses exceptional curb appeal and corporate prestige. The manicured corporate campus offers employees a desired amenity base.
PROPERTY HIGHLIGHTS
PROPERTY HIGHLIGHTS
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
PROPERTY HIGHLIGHTSRECENT CAPITAL IMPROVEMENTS
The original tenant invested over $9.8 million in capital expenditures since it commissioned the Property’s construction in 1989. Recent capital improvements include raised floor replacement, second floor VAV updates, and a $2.4 million carpeting and wall cover replacement which was completed in 2010.
PROPERTY HIGHLIGHTS
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
EXECUTIVE AREAS
The Property has an executive suite with administrative areas, as well as a large board room with audio/video, and smaller conference areas.
EXECUTIVE AREAS
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
CAFETERIA
CAFETERIAThe Property hosts a full commercial kitchen with a large employee dining room, and several private dining areas. Currently Guckenheimer operates the facility, which can seat up to 154 employees.
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
EMPLOYEE BREAK AREAS
In addition to the cafeteria, the building offers several common areas available for employee down time, relaxation, and collaboration.
EMPLOYEE BREAK AREAS
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
BULLPENS / WORK AREAS
The Property features ample space for flexible working arrangements. The former cubicles and offices were built out and furnished allowing the first floor to hold 250 seats and the second floor to hold a full 1,006 seats.
BULLPEN / WORK AREAS
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
DELIVERY AREAS
The Property has several loading docks for supplies, mail, and equipment. In addition to a 22,155 square foot – 30 foot clear height warehouse for storage.
DELIVERY AREAS & WAREHOUSE
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
CLASSROOM AREAS
CLASSROOM AREASThe Property provides several classrooms, that can be converted for training, meetings, or lab areas. The walls can be collapsed to create an area large enough for a company-wide meeting.
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
FLOOR PLANS
FLOOR PLANSGROUND FLOOR
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
FLOOR PLANS
FLOOR PLANSSECOND FLOOR
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
TULSA OVERVIEW
The Tulsa Metropolitan Statistical Area (MSA) comprises seven counties with an aggregate population estimated at 973,692 or 25.1 percent of the population in Oklahoma. Tulsa is a booming metropolitan area known for its high quality of life, low cost of living, pro-business environment, skilled workforce and growing economy. The city is the ideal home for families, individuals and the progressive companies making up Tulsa’s aerospace, health care, energy, technology, manufacturing and transportation,distribution and logistics industries. Some of the nation’s largest companies in key industry sectors make their home in Tulsa because of its central location and its remarkable transportation systems.
Tulsa’s affluent history gives the city a luxurious culture in the arts. From the downtown skyline rich in Art Deco buildings, to the historic Philbrook museum, Tulsa offers a wealth of beauty, culture and entertainment. Music lovers can enjoy a concert at the historic Cain’s ballroom or the newly built, award-winning, 565,000 square foot BOK Center, which has recently been noted as one of the top revenue producing arena’s in the world.
The metropolitan area provides residents and visitors with one-of-a-kind shopping experiences. Its luxurious shopping centers and districts each offer unique experiences and wide a variety of retailers. For the sports enthusiast, Tulsa is home to multiple professional and semi-professional sporting franchises. Tulsa sports fans can enjoy a wide variety of sporting events no matter the time of year. Tulsa delivers a big-city economic climate with the quality of life only a smaller community can provide, offering the fifth-lowest cost for doing business in the nation.
TULSA OVERVIEW
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
TULSA OVERVIEW
STRONG ECONOMIC FUNDAMENTALS
• Pro-business environment with advantageously low costs of living and doing business
• Fifth-lowest cost of doing business in the U.S.
• Cost of living is 11% below the national average
• Diversified economic composition including aerospace
• Home to the headquarters of seven Fortune 1000 companies
• Unemployment rate (4.6%) remains in line with the national average (4.5%, seasonally adjusted)
HISTORICALLY STABLE OFFICE MARKET FUNDAMENTALS
• Bolstered by its affordable occupancy costs, increasing industry diversification and central U.S. location
• Comprised of 27.7 million square feet, including 7.3 million square feet of Class A space and 16.8 million square feet of Class B space
• Current overall occupancy rate of 86.8% with a five-year average occupancy of 86.1% and a 10-year average of 85.5%
• Over the last five years, direct net absorption of 1.6 million square feet far exceeds deliveries of 851,000 square feet
• The market’s overall direct average asking rents of $15.17 per square foot (gross) are up 6.5% year over year
TULSA OVERVIEW
CORPORATE HEADQUARTERS12222 STATE FARM BLVD
TULSA, OK 74146
EXECUTIVE SUMMARY
LOCATION
EXECUTIVE AREAS
CAFETERIA
EMPLOYEE BREAK AREAS
BULLPENS / WORK AREAS
DELIVERY AREAS
CLASSROOM AREAS
FLOOR PLANS
TULSA OVERVIEW
CONTACT INFORMATION
PROPERTY HIGHLIGHTS
CONTACT INFORMATION
CONTACT INFORMATION
MARY MARTIN SIOR, CCIMFirst Vice President+1 918 392 7228
LESLIE KIRKPATRICK CORNELL, MBAAssociate
+1 918 392 [email protected]
© 2019 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.