Posted on May 10, 2023 / 15Listing ID: 556224APPLY FOR A REAL ESTATE LOAN
Cannabis & Hemp Banking
Price : $3,000,000
Status : ACTIVE
Size : 33,992
Lot Size (Acres) : 2.55
Year Built : 1967-2021
Sale Type : Cash, Financing
Company Name : Marcus & Millichap
Phone : 858-231-0863

The Tashakorian Group of Marcus & Millichap is excited to offer the property located at 3105 East Reno Avenue, Del City, Oklahoma, 73117. The subject site spans 2.55 acres and includes a prefabricated metal building of 33,292 square feet, featuring partial EIFS cover and serving as a light industrial property. The building was originally constructed in 1967 and 1982, with partial renovation taking place in 2019 and 2021. Currently, the property comprises approximately 13,050 square feet (39%) of office and laboratory space and 20,242 square feet (61%) of warehouse space.

The office area includes a reception area, ten offices, two break rooms, a conference room, and five restrooms. The laboratory area includes two offices, an open storage area, extraction room, processing rooms, and two upstairs offices. The warehouse space is divided into three open bays for storage. Kavana Enterprises has occupied the 13,050 square feet area since November 2018 and invested about $1,900,000 or $57.07 per square foot in upgrades and renovations, including constructing offices, lab space, and an extraction room, updating the sprinkler and fire alarm system, and constructing an ancillary building on the east-side of the existing building. The investment also includes electrical and plumbing upgrades and new overhead doors for bays.

The current ownership, Kavana Enterprises, is willing to remain in the 13,050 square feet area or vacate the entire building. This opportunity is ideal for an investor seeking a valueadd opportunity in an excellent infill location in Oklahoma City or an Owner-User looking to own their facility at a lower cost than renting in the market.

Contact Listing Owner
Cannabis & Hemp Insurance
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