The Tashakorian Group of Marcus & Millichap is excited to offer the Industrial building at 30 SE 17th St. in Oklahoma City – a fantastic opportunity for investors looking for a high-performing property with great potential for future development. With a cannabis tenant in place and a remaining 2.75 years on their NNN lease, along with 2 five-year options, this property presents an outstanding investment opportunity with a current 9.19% CAP rate.
This industrial building features a total RBA of 37,804 SF on a spacious 2.55-acre lot, providing ample space for a wide range of uses. The building was constructed in 1976 and has been well-maintained, boasting masonry and metal construction, two exterior docks, and seven drive-in doors with 12’ widths and 16’ heights. The property also includes two dock-high doors, providing versatility for loading and unloading.
With a clear height of 20 feet and a building height of 22 feet, this property provides ample space for a range of industrial uses. The property mix is 89.4% industrial and 8.5% office space, totaling 33,800 SF and 3,200 SF respectively. Additionally, utilities include gas heating, city sewer, and city water, providing reliable and efficient service to the property. The property also comes with 20 parking spaces, ensuring ample parking for employees and visitors. Additionally, the property has excess land on the backside, allowing for future development or expansion, and the opportunity to increase the value and functionality of the property.
Overall, this industrial building is an exceptional investment opportunity with a stable tenant in place and ample potential for future development. Don’t miss out on this fantastic opportunity to own a high-performing industrial property in a prime location. Contact us today to schedule a viewing and learn more about this incredible investment opportunity.
