Investment Overview

Marcus & Millichap is pleased to present the extremely rare opportunity to acquire a 26,904 SF Industrial / Flex building located in Tulsa, Oklahoma. Constructed in 1969 and renovated in 2017, the subject property offers: 4 dock high doors, 2 roll up doors, energy efficient lighting and sprinklers, private offices, conference rooms, and a break room. The 2.21-acre parcel includes a large yard space on the back side of the property for outside storage or potential building expansion. In 2017 the Roof and HVAC units were replaced. Ownership is doing a 3-year sale-leaseback on 10,000 Sq Ft, leaving 16,904 Sq Ft for an Investor to lease up or an Owner-User to occupy. This opportunity is perfect for an investor who is looking for a value-add opportunity in a great infill part of Tulsa or an Owner-User looking to own their facility at less than what it would cost to rent in the market place. The Tulsa industrial market has enjoyed consistent absorption and rent growth over the past few years. Demand has continued to be focused on logistics properties, and development has reflected this growth. The passing of medical marijuana in Oklahoma has contributed to budding demand also. Tulsa’s vacancy rates have consistently trended below the U.S. average staying below 4%.