Listed by Insight Commercial Real Estate
$259,000
419 Southwest 11th Street
Details
Property Type Retail, Office
Sub Type Traditional Office
Square Footage 5,325
Cap Rate 7.45%
NOI $19,307
Occupancy 100%
Year Built 1956
Zoning C-5
Ground Lease No
About This Property
Marketing description
4-unit retail strip center investment opportunity for sale on SW 11th Street in Lawton, Oklahoma. This ±5,325 sf property is fully occupied with a mix of long-term tenants. Tenant in Unit 425 has been in place for 20 years, Tenant in Unit 423 has been in place for 40 years, and Tenant in Unit 421 has been in place for 45 years. This investment offers stable in-place income with significant upside potential through rent increases and lease structuring. Nearby businesses include: Stripes, Comanche County Farm Bureau, Lawton City Hall, CVS Pharmacy, McDonalds, and Liberty National Bank.
Investment highlights
3 Long-Term Tenant's have been in place for 20-45 years.
100% Occupied
Value-add opportunity
Listing Contacts
Listed by Insight Commercial Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,307.00
$1,608.92/mo
Valuation Metrics
0
DSCR
7.45%
Cap Rate
7.45%
ROI
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