Listed by Creek Price Edwards
$5,275,000
Edmond Sooner Road Industrial Park
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 72,602
Units 14
NOI $425,282
Tenancy Multi
Pro-Forma NOI $572,079
Price per SqFt $72
Buildings 14
Acreage 7.500
Zoning Unincorporated
Investment Type Value Add
Value Add Industrial Complex For Sale - 14 Buildings and Land
Marketing description
Located in North Edmond at the northeast corner of S. Sooner Road and E. Charter Oak Road (across the street from the Koala Industrial Park), this 14 building industrial complex features buildings ranging from approximately 3,200 SF to 9,600 SF, with a variety of sizes in between. The property offers in-place income today and significant upside potential, with vacant buildings providing a clear value add opportunity for a new owner to increase cash flow through lease up or potentially sell individual buildings separately to owner users or investors.
Investment highlights
- (4) buildings at 3,200 SF - (5) buildings at 4,000 SF - (3) buildings at 7,000 SF - (1) building at 9,000 SF - (1) building at 9,600 SF
- 6 buildings feature frontage along S. Sooner Road for visibility
- Each building features one to two overhead doors (14' x 14', 12' x 12', and 10' x 12')
- All buildings have 480V, 3-phase electricity with a minimum of 600–1,000 amps inside, outside each building is 500 or 1,000 KVA.
- All buildings are individually metered and include gas service and spray-in insulation
- 11 buildings are served by rural water; 3 buildings are on a private well
- Multiple buildings include radiant heaters and HVAC systems remaining from prior tenants
- Currently generating $425,282.40 in annual rental income, with substantial value add potential for future growth
- Lower than replacement build cost.
Listing Contacts
Listed by Creek Price Edwards
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$425,282.40
$35,440.20/mo
Valuation Metrics
0
DSCR
8.06%
Cap Rate
8.06%
ROI
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