How we bought a 145,000 SF headquarters for about $54/SF, and why it matters.
Victory CRE represented Our Blood Institute in buying 3100 Quail Springs Parkway, a 145,000+ SF Class A office building in Oklahoma City, in 2025 for $7.88 million, about $54/SF and 73% below its last recorded sale price. OBI has since moved in and made it its headquarters.
By Tom H. Vaught, SIOR ·
After more than two years of searching, countless tours, and a lot of patience, we found it. Victory CRE had the privilege of representing Our Blood Institute in the acquisition of a premier Class A office building totaling over 145,000 square feet.
Spot value others overlooked.
The building was marketed but never formally priced. It sat vacant for nearly four years, passed over by buyers who couldn't see past the vacancy. We saw a premier Class A asset in an amenity-rich, economically strong area surrounded by other high-quality office buildings.
Win the competitive offer.
This wasn't an uncontested deal. As I understood it, another group had the same terms. So I made OBI's case in writing: a board-approved LOI, audited financials, an independent roof bid, our GC's walk-through, and a commitment to move faster than the timeline required. OBI won the building for $7.88 million, about $54/SF and 73% below its last recorded sale price of $29.5 million in 2010.
Move fast, keep everyone aligned.
The deal had to happen uncomfortably quickly while keeping C-level leadership, attorneys, and board members aligned. We managed the process, ran extensive inspections, and kept every stakeholder moving in the same direction.
Set up the future.
OBI has fully moved in and ended leases that totaled $60,000 a month in base rent. The strong surrounding demographics help them attract and retain top talent. About 50,000 RSF remains on the third floor, and three companies are competing to lease it.
This kind of value is most likely to occur when companies commit to working with an experienced, specialized broker focused on business owners, who stays focused on adding value while protecting your interests.Tom H. Vaught, SIOR · Victory CRE
Looking to buy or relocate your headquarters?
Every engagement starts with a conversation. No commitment, no pressure.