Listed by Creek Price Edwards
$2,895,000
3275 E Waterloo Rd
Details
Property Type Industrial
Sub Type Flex
Square Footage 22,400
Units 14
Cap Rate 8.95%
NOI $259,200
Occupancy 100%
Lease Type Gross
Price per SqFt $129
Class A
Year Built 2020
Buildings 12
Acreage 1.180
Ground Lease No
Industrial | 8.95% CAP | 22,400 SqFt
Marketing description
Built in 2020, 3275 E Waterloo Rd was designed to accommodate cannabis cultivators seeking a turnkey grow facility. Each building on the property was specifically built in compliance with OMMA regulations and has continued to stay in compliance with ever evolving regulations in the industry. In turn this property has become a hub for boutique growers in the Medical Marijuana space. Since completion, occupancy levels have stayed high, given the limited availability of this type of space in the OKC metro. The property features 12 individual grow buildings, on site restrooms, and an administrative office. Currently at 100% occupancy, 3275 E Waterloo Rd boasts a high cap rate of 8.95%.
North side of E Waterloo Road, East side of Robey Dr
Investment highlights
- 12 Flex Industrial Buildings (1,800 SF per Building)
- 1 Administrative Office
- 100% Leased (All OMMA Compliant Cannabis Grow Facilities)
- 8.95% CAP Rate
- Consistent Occupancy
- Highly Desirable Facilities for Medical Marijuana Industry
- Easy Access to I-35
Listing Contacts
Listed by Creek Price Edwards
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$259,200.00
$21,600.00/mo
Valuation Metrics
0
DSCR
8.95%
Cap Rate
8.95%
ROI
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