Listed by Marcus & Millichap - Oklahoma City
$3,477,220
PRECISION METAL MANUFACTURING INDUSTRIAL FACILITY | ABS. NET
Details
APN R83520840416290
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 33,392
Units 1
Cap Rate 6.75%
NOI $234,712
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 04/03/2034
Remaining Term 7.8
Rent Bumps Yes
Class A
Year Built 2004
Stories 1
Acreage 2.350
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Industrial | 6.75% CAP | 33,392 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310631/hill-manufacturing
Investment highlights
- Absolute Net Industrial Lease Featuring 2.25% Annual Rental Increases throughout the Initial Term and Option Period. Below Market Rent. Single-Tenant Manufacturing and Fabrication Facility.
- Positioned Along Area’s Traffic and Industrial Corridor: Features Easy Access & Visibility w/ Daily Traffic Counts Exceeding 14k Vehicles and Immediate Access to/from Hwy-51 (82k+ VPD).
- Hill Manufacturing is a Precision Manufacturing and Fabrication Company that Specializes in Producing High Quality Metal Parts and Components for a Wide Range of Industries.
- Direct Connectivity to Highway 364 and Highway 51 - Enables Efficient Regional Distribution, Streamlined Employee Access, and Rapid Inbound and Outbound Transportation throughout the Tulsa Metropolitan Area.
- Broken Arrow is One of Oklahoma’s Fastest Growing Cities and has Earned a Strong Reputation as a Preferred Location for Advanced Manufacturing, Precision Fabrication, Aerospace Suppliers, and Energy Related Industries.
- Situated within One of the Tulsa Metro’s most Established Industrial Corridors, Offering Proximity to Major Employers, Suppliers, and Logistics Infrastructure Supporting Manufacturing and Distribution Operations.
- Densely Populated Affluent Area: Features an Average Household Income of $90k+ within a 1-Mile Radius and more than 206k People Residing within a 5-mile Radius.
- Well Configured Industrial Asset Historically Utilized for Manufacturing, Machining, Fabrication, and Equipment Intensive Operations, featuring Adaptable Layouts, Clear Spans, and Infrastructure Capable of Supporting Demanding Industrial Workflows. Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
Listing Contacts
Listed by Marcus & Millichap - Oklahoma City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$234,712.00
$19,559.33/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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