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ACRONŽ Harvard Garden Limited Partnership
Office Building in Tulsa, Oklahoma, USA
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The property is perfectly situated in Tulsa. It is a modern two-story office building. Built in 1982, since then it has been maintained in good condition and updated, esthetically and structurally.
The tenants of the property, which has been occupied for years, are mostly doctors and lawyers. Most of the short-term tenancy agreements, typical for such properties, have been renewed a number of times and have been in effect for years, reflecting the tenant satisfaction with the building. The property was acquired with the intentions of being able to greatly increase the average rental rate (as tenant leases expire, renew or sign new leases at market levels) and, in addition, the preferential tax terms (high tax-exempt returns even for large investments).
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