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Office Warehouse

1007 E Admiral Blvd

1007 E Admiral Blvd, Tulsa, OK 74120

Listing Price: $6,000,000

Cap Rate
9.00%
Gross SF
106,000
Price/Gross SF
$56.60
Lot Size
4.72 acres
Year Built
1930
Rentable SF
106,000

Investment Overview

Marcus & Millichap proudly offers an exceptional investment opportunity on 1007
E Admiral Blvd in Tulsa, Oklahoma—a unique chance to own an industrial site prominently located on the
I-244 with visibility from highway 75 North.

The building is a 106,000 square foot industrial facility
on a 4.72-acre site. Built in 1930 and extensively updated in 2024, this property includes a new roof over
the manufacturing space and an updated exterior. It features several advantageous amenities: Multiple
Drive-in doors, Two Dock doors with levelers, a 21-foot ceiling clearance in the manufacturing area, a robust
3-Phase, 3000-Amp electrical service, 12 Bridge Cranes with a 12-foot hook height, and ample parking for over 250 vehicles. It's zoned IM (Industrial Medium) in Tulsa County and is within an Opportunity Zone. The current owners are proposing a 5 to 7-year sale-leaseback for 67,412 SF of the space, with the remaining 38,588 SF leased to Ventaire, a manufacturer of prefabricated homes and pharmacies.

This investment is ideal for an investor looking to add an income producing property to their portfolio within Tulsa's strong industrial market.

Investment Highlights

  • Full occupancy by two tenants with Net Lease agreements
  • Attractive 9.00% Cap Rate
  • Guaranteed annual rent increases of 3% plus two 5-year extension options

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Office Warehouse

1007 E Admiral Blvd

Listing Price: $6,000,000

Cap Rate
9.00%
Gross SF
106,000
Price/Gross SF
$56.60
Lot Size
4.72 acres
Year Built
1930
Rentable SF
106,000

Investment Highlights

  • Full occupancy by two tenants with Net Lease agreements
  • Attractive 9.00% Cap Rate
  • Guaranteed annual rent increases of 3% plus two 5-year extension options

Investment Overview

Marcus & Millichap proudly offers an exceptional investment opportunity on 1007 E Admiral Blvd in Tulsa, Oklahoma—a unique chance to own an industrial site prominently located on the I-244 with visibility from highway 75 North. The building is a 106,000 square foot industrial facility on a 4.72-acre site. Built in 1930 and extensively updated in 2024, this property includes a new roof over the manufacturing space and an updated exterior. It features several advantageous amenities: Multiple Drive-in doors, Two Dock doors with levelers, a 21-foot ceiling clearance in the manufacturing area, a robust 3-Phase, 3000-Amp electrical service, 12 Bridge Cranes with a 12-foot hook height, and ample parking for over 250 vehicles. It's zoned IM (Industrial Medium) in Tulsa County and is within an Opportunity Zone. The current owners are proposing a 5 to 7-year sale-leaseback for 67,412 SF of the space, with the remaining 38,588 SF leased to Ventaire, a manufacturer of prefabricated homes and pharmacies. This investment is ideal for an investor looking to add an income producing property to their portfolio within Tulsa's strong industrial market.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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