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23170222
23170223

308 Westland Dr, Edmond, OK 73013 For Sale

JT
OK 170776
Trio Commercial Real Estate
Listed by Trio Commercial Real Estate
$3,900,000
429 days on market
Updated 29 days ago

308 Westland Dr

Details
Property Type Industrial
Sub Type Manufacturing
Square Footage 29,500
Net Rentable (SqFt) 29,500
Cap Rate 6.4%
NOI $249,600
Tenancy Single
Lease Type NNN
Price per SqFt $132
Year Built 1997
Buildings 1
Acreage 1.440
Ceiling Height 16'
Loading Docks 2
Dock High Doors 6

Large format Industrial Building - 12-months LTR at close - Cultivation Tenancy

Marketing description

Discover an exceptional opportunity to own a versatile industrial manufacturing facility at 308 Westland Dr, located in the thriving Edmond submarket of Oklahoma City. This 29,500 SF, single-tenant, Class B industrial building, constructed in 1997, is ideal for owner-occupants or investors seeking a well-maintained property with strong functional appeal.

Investment highlights

Stable NNN cash flow with limited roof & structural exposure.

Capital-intensive cultivation build-out (HVAC, power, irrigation) anchors renewal likelihood.

$8.46/SF rent is below Edmond light-industrial averages, offering mark-to-market upside at rollover.

Larger footprint on 1.44 acres with 47% site coverage provides functional truck and parking layout.

Infill Edmond location with sub-4% industrial vacancy and limited new supply.

Listing Contacts

JT
OK 170776
Trio Commercial Real Estate
Listed by Trio Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,600.00
$20,800.00/mo

Valuation Metrics

0
DSCR
6.4%
Cap Rate
6.4%
ROI

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Additional Information

Name
Jonathan Thompson
License
170776
Brokerage
Trio CRE
Title
Managing Broker
Brokerage Address
3856 South Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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