5524 E 12th St - Warehouse FOR SALE


Tulsa, OK 74112- Mid Tulsa
$4,495,000 USD
405-445-7528
5524 E 12th St, Tulsa, OK for Sale
$4,495,000 USD
Warehouse - FOR SALE
1/9
null | 7.1% Cap Rate

5524 E 12th St
Tulsa, OK 74112
Mid Tulsa


OVERVIEW

The offering consists of a single tenant 72,428 SF industrial masonry warehouse, renovated in 2017. The property is conveniently located 6 miles from Tulsa International Airport, just 5 miles from Downtown Tulsa and less than a mile from the Tulsa State Fairgrounds. The current tenant is one of the largest furniture retailers in the state of Oklahoma and family owned for almost 50 years. This property is critical and serves as a distribution center to its numerous retail locations from OKC and Enid to Tulsa. The tenant is in a 10 yr NNN lease with 7 ½ years remaining and 2% annual escalation increases YOY throughout the lease. This investment boasts a great opportunity for a secure investment with value add in the future in a rapidly growing market.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

16.5 Ft

DOCKS

9

DRIVE INS

1

PARKING SPACES

52

LAND DETAILS

LAND ACRES

3.43

LAND SF

149,411

ZONING

IM

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dustin EllerOKRE Commercial AdvisorsMore Info
405-445-7528

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Dustin EllerOKRE Commercial AdvisorsMore Info
405-445-7528

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