Office Space For Lease @ 3101 Elks Rd

The 17,524 SF two story building was built in 2012, substantially renovated in 2016 for a medical/dental clinic and headquarters office, and expanded 50% in 2020. In 2016, the tenant invested $85,000 in improvements to the property and installed over $300,000 of healthcare equipment in 8 medical exam rooms, clinical laboratory, 6 dental operatories, and dental x-ray. The 2020 expansion added a first floor for mental health treatment, and a second floor for the headquarters office of the tenant.
The tenant, Caring Hands Healthcare Centers, Inc. (CHHC) is a seasoned, well established non-profit organization with two locations in Oklahoma. The McAlester location serves as both headquarters and clinic. CHHC provides dental, internal medicine, family practice, women’s health, pediatrics, preventative medicine, chronic disease management, behavioral health and immunization services to the uninsured and underinsured with fees based on a sliding scale according to patients’ income. Other revenue generating services include sports physicals, employee physicals and DOT physicals. CHHC is primarily funded by the Health Resources and Services Administration, a federal agency with a $12 billion annual budget within the U.S. Department of Health and Human Services.

The lease term is through March 31, 2030 with fixed rent for ten years (see rent roll). The landlord pays taxes and insurance and is responsible for roof, structure and HVAC replacement. The tenant is responsible for grounds and all other repairs. Pittsburg County will waive property taxes for properties owned or leased by non-profits. In 2021, the landlord applied to the tax authority for a waiver of all property taxes, and approval is expected to take effect for 2021 property taxes. The HVAC systems have a manufacturer’s warranty on the compressors through 2022 for HVAC installed in 2012, and through 2030 for HVAC installed in 2020. The roof has a manufacturer’s warranty through 2025 for the installation in 2015, and through 2035 for the installation in 2020. This space offers accomodations for: medical.