South Tulsa Business Park FOR SALE


Tulsa, OK - South Tulsa
$3,495,000 USD
918-853-7337
, Tulsa, OK for Sale
$3,495,000 USD
FOR SALE
1/16
null | 6.98% Cap Rate

South Tulsa Business Park
Tulsa, OK
South Tulsa


HIGHLIGHTS

  • Five-building, multi-tenant flex campus paired with a self-storage component, strategically located in South Tulsa.
  • Over 85% of tenants on short-term or month-to-month leases, creating near-term rent growth opportunities.
  • Durable concrete tilt-up construction and recent capital improvements mitigate future deferred maintenance risk.
  • Secure gated environment with keyless entry technology for added asset control and tenant safety.
  • Exceptional connectivity to I-44 and surrounding arterial roads, adjacent to retail and institutional anchors.
  • Located in a submarket where flex industrial vacancy remains well below national averages with minimal new supply.

OVERVIEW

South Tulsa Business Park represents a rare acquisition opportunity in the Midtown Tulsa Submarket, offering a diversified 56,440 SF industrial flex portfolio with an integrated self-storage component. The property consists of five buildings on 3.23 acres, accommodating a mix of light industrial, office, and storage users in suites ranging from 100 to 1,570 SF. Priced at $3,495,000 with a current NOI of $243,956 at 76% occupancy, this asset provides immediate value-add potential through lease-up and rent adjustments, as over 85% of tenants occupy on short-term or month-to-month agreements at rates notably below market. Constructed with durable concrete tilt-up and masonry accents, the campus benefits from grade-level overhead doors, clear heights of 10’ to 14’, and controlled access via a gated system with keyless entry. Recent capital improvements include roof coating, HVAC system upgrades, door servicing, and drainage enhancements, reducing near-term capital expenditure for the next owner. Positioned along South Peoria Avenue near 61st Street, this multi-building site enjoys excellent visibility and proximity to key destinations such as I-44, Tulsa International Airport, major medical and educational institutions, and retail corridors. With low Tulsa flex vacancy (approx. 5.7%) and limited new construction, this offering aligns with strong market fundamentals for sustained tenant demand and long-term growth potential.

ASK ABOUT THIS PROPERTY

Neil Dailey, SIORMCP / McGraw Commercial PropertiesMore Info
918-853-7337

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

Neil Dailey, SIORMCP / McGraw Commercial PropertiesMore Info
918-853-7337

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