Building B - Midtown Industrial Park
Industrial | 15,400 SqFt
Marketing description
McGraw Commercial Properties, in partnership with Price Edwards & Company, presents Building B at Midtown Industrial Park — a newly constructed, 15,400 SF industrial condominium building at 6240 E. 15th Street in the heart of Tulsa, Oklahoma. This is a rare opportunity to own modern, small-bay industrial space in central Tulsa rather than lease it.
Building B is delivered as five separately deeded condominium units ranging from 2,800 SF to 4,200 SF, priced from $130/SF. Units are available individually or as a full-building package at $2,058,000. Demising walls are installed at closing, several units come pre-equipped with heaters, and each unit features its own 14'×14' grade-level drive-in door.
The Midtown submarket carries a vacancy rate of 2.8% — near a historic low — with zero competitive new construction in the prior decade. For a business priced out of leasing, individual ownership here converts occupancy cost into a hard asset in a structurally supply-constrained market. Property taxes transfer to each buyer at closing, with projected NNN of just $1.29–$1.50/SF.
Investment highlights
- Five separately deeded industrial condo units — buy one, several, or the full building at $2,058,000
- Unit pricing from $130/SF — Unit 1 (4,200 SF) at $130/SF ($546,000), Units 2–5 (2,800 SF each) at $135/SF ($378,000 each)
- Owner-user ready with demising walls at closing, several units pre-equipped with heaters, one 14'×14' drive-in door per unit
- Low carry cost — taxes transfer to buyers at closing, projected NNN of +/- $1.29–$1.50/SF, far below comparable lease rates
- Convert monthly occupancy cost into principal paydown and long-term appreciation in supply-constrained Midtown Tulsa
- New 2026 construction — first purpose-built small-bay industrial condo product delivered in Midtown Tulsa in over a decade
- Midtown submarket vacancy at historic low of 2.8% with zero competitive new construction in prior decade
- Entry price from $378,000 — own modern industrial at a low barrier
- Active campus with anchor tenant Building D leased through 2031
- Only industrial condo product in Midtown Tulsa's new construction pipeline
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