Income-Producing Commercial Property

CJ Auctions is proud to offer Ponca City Center along with a parking lot and vacant lot that could be used for future building sites.  Ponca City Center is a 5-story multi-tenant Class B office building containing 85,440+/- total sf with 71,714+/- rentable sf.

The building is approximately 40% leased variety of tenants and many of them have occupied the building for an extended period of time.
Natural light flows through the building via concrete tilt wall construction with vast spans of windows throughout the facility.

Interior of building is well suited for a vast array of tenants.  Many of the vacant offices have various sizes allowing for an easy transition of new tenants.  Main lobby located on 1st floor with 3 elevators servicing the building.  2nd floor hosts outside patio, server room with open spaces for easy service access.  3rd, 4th, & 5th floors allow a variety of office spaces and flexible  configurations.Building features professionally manicured grounds with multiple walkways around plaza area leading to covered entry.  Loading dock situated on south side of building allowing easy access for large equipment.

Top floor hosts mechanical room servicing the mechanical and maintenance needs.

There are multiple parking lots that surround the facility which are utilized by the tenants.
In addition to the building property (parcel 1), two other parcels will auction:

• Parcel 2 is a parking lot w/35 spaces to the southwest of the Ponca City Center.
• Parcel 3 is a vacant lot to the West of the Ponca City Center.

Both could be utilized for parking or future building sites.

ABOUT PONCA CITY
Founded in the late 1800s, as a result of the famed “Cherokee Outlet Land Run,” Ponca City became a center for oil production and refining, a regional commercial and medical center, and the focus for numerous cultural and recreational activities.  Conoco Oil, now Phillips 66, is still a major presence in the community today.

Ponca City (population 25,387) is located approximately 90 miles north of Oklahoma City and is almost an equal distance south of Wichita, Kansas and northwest of Tulsa, Oklahoma. While close to the amenities of several major metropolitan areas, Ponca City offers the relaxed, less stressful and friendly lifestyle of a smaller community. Safe and well kept neighborhoods, high quality affordable housing, outstanding public education, and recreational facilities all characterize the community. There are over 18 miles of shoreline and beaches off the adjacent Arkansas River and two lakes add’s to the city’s already impressive array of recreation facilities, which includes two 18-hole golf courses and 28 beautiful city parks.

One of the finest industry training programs in the world is also based in Ponca City. The Pioneer Technology Center provides businesses with flexible programs that meet the needs of today’s economy. This unique, mobile program has drawn national attention, while providing businesses and students a fast track to success.

The City of Ponca City has an “open for business” attitude when working with business and industry and is committed to working with you to create a business climate that makes sense when investing in our community. The community reflects its rich historic past, but is focused on the future. Major downtown redevelopment and area-wide economic development efforts are based on public-private partnerships and a spirit of mutual cooperation. The rich cultural programs, genuine friendliness of residents, and the progressive outlook of local government make Ponca City a unique and surprisingly delightful place in which to live and work.

Disclosures: 

• Non-disclosure agreement must be signed and received by CJ Auctions prior to bidder registration.
• All parcels subject to recorded easements. (Contact office for Title Commitment)
• All property information is accurate to the best of the sellers knowledge.  Bidders are encouraged to fully inspect property prior to auction.

Terms & Conditions: 

• 3% Buyer’s Premium applies to this sale.  Buyers-premium is an additional fee (3% of high-bid amount) paid by the high-bidder.
• All properties are being sold ‘as is, where is’ and are not subject to financing, inspections or any other contingencies.
• CJ Auctions represents the seller only.
• The high bidder must make a 10% non-refundable deposit on sale day (cash, personal or cashier checks)
• Buyer will receive deed and title insurance.
• Buyer will pay for (but not limited to) the survey, closing fee, title policy. Taxes will be prorated through date of closing.
• Balance and closing costs are due within 30 days of auction date.
• All bidders must register with CJ Auctions prior to bidding (registration is held 1-hour prior to auction) and provide a driver’s license or government-issued identification.
• Absentee bidders must pre-register and qualify through CJ Auctions 48 hours prior to sale day.
• All persons inspecting the property, attending an open house or auction do so at their own risk and shall not hold CJ Auctions or their agents Liable for damages to their person or property.

• Individuals must wire 10% of opening bid amount (minimum $10,000) 48 hours prior to auction to be fully authorized to bid online. Please contact CJ Auctions at 918-550-8118 for detailed wiring instructions. (Note: If property is selling by the acre then opening bid is multiplied by the total acreage)

LICENSE INFO:  OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC