504 W Iola St - Office FOR SALE


Broken Arrow, OK 74012- Downtown Broken Arrow
$1,250,000 USD
918-408-2311
504 W Iola St, Broken Arrow, OK for Sale
$1,250,000 USD
Office - FOR SALE
1/5
null | 6.17% Cap Rate

504 W Iola St
Broken Arrow, OK 74012
Downtown Broken Arrow


OVERVIEW

504 W Iola St., Broken Arrow's Rose District. Located at 71st and Elm between QT and Seiling Park. This is a Modified Net Lease. Tenant is Golden Steps ABA. Year 2 (2/2024) of a 10 Year Lease (4/2034). The 504 Building is a 4800SF Pre-Engineered Steel Building built in 2022. $1,250,000.00 ($260.00 PSF) 524 W Iola St (See Loopnet Listing) can be bought with 504 W Iola St or Sold Separately. The 524 Building is a 4800 SF Pre-Engineered Steel Building built in 2020. The 524 Building is Leased to Advanced Orthopedics Of Oklahoma. Year 1 (6/2025) of a 3yr Lease Renewal (6/2028). The 524 Lease is a Modified Net Lease. $1,250,000.00 ($260.00 PSF) 527 W EL Paso (See Loopnet Listing) is available separately or bought together with the Iola property package. EL Paso is located in Broken Arrow's Rose District with Elm Street frontage. The EL Paso Building is Under Construction and is expected to Complete 1/2026. The building consists of 4000 SF Pre-Engineered Steel Building (Clear-Span) Brick Veneer. $1,040,000.00 ($260.00 PSF)

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$260 USD /SF

CAP RATE

6.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Iola Street Office Park

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

CN

APN/PARCEL ID

80610-84-11-13810

ASK ABOUT THIS PROPERTY

William LeetPrimus PropertiesMore Info
918-408-2311

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William LeetPrimus PropertiesMore Info
918-408-2311

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.