Warehouse

1711 N Sheridan Rd

Listing Price: $868,000

Cap Rate
9.00%
Gross SF
12,017
Price/Gross SF
$72.23
Lot Size
0.73 acres
Year Built
1974
Rentable SF
12,017

Investment Overview

Marcus & Millichap proudly presents a Seller/Lease back opportunity in the Tulsa area. This industrial building has been well-maintained by it's current owners that operate a machine shop on the premises. They purchased the building and business in 2012 and have added new equipment to expand the product offering available.

The owners of this building are sophisticated business owners and consultants and understand the benefit of selling and leasing back the space while continuing to do business. With the proceed from the sale they will pay off their current equipment and the note on the building as well as open up other opportunities for expanded business offerings.

The Sellers will sign a new 5-year lease as a contingency of the sale. This lease will be in range with market rents in the area at $6.50/SF NNN. As the Tenant they will be responsible for the taxes, insurance, and maintenance of the building along with utilities, janitorial, and landscaping. This will truly be an income property with no Landlord involvement.

The net operating income is $78,110 which makes the cap rate 9% with a purchase price of $868,000 and a very attractive 16.99% cash on cash return.

In the event the property should become vacant in the future, it is a desirable building type with benefits such as easy highway access, fenced yard, sits in an opportunity zone, and a TIF district.

Investment Highlights

  • 5 Year Lease Guarantee
  • 9% Cap Rate
  • Well Maintained Industrial Building
  • Seller/Lease Back
  • Net Operating Income of $78,110

Exclusively Listed By

Listing Price: $868,000

Cap Rate
9.00%
Gross SF
12,017
Price/Gross SF
$72.23
Lot Size
0.73 acres
Year Built
1974
Rentable SF
12,017

Investment Highlights

  • 5 Year Lease Guarantee
  • 9% Cap Rate
  • Well Maintained Industrial Building
  • Seller/Lease Back
  • Net Operating Income of $78,110

Investment Overview

Marcus & Millichap proudly presents a Seller/Lease back opportunity in the Tulsa area. This industrial building has been well-maintained by it's current owners that operate a machine shop on the premises. They purchased the building and business in 2012 and have added new equipment to expand the product offering available.

The owners of this building are sophisticated business owners and consultants and understand the benefit of selling and leasing back the space while continuing to do business. With the proceed from the sale they will pay off their current equipment and the note on the building as well as open up other opportunities for expanded business offerings.

The Sellers will sign a new 5-year lease as a contingency of the sale. This lease will be in range with market rents in the area at $6.50/SF NNN. As the Tenant they will be responsible for the taxes, insurance, and maintenance of the building along with utilities, janitorial, and landscaping. This will truly be an income property with no Landlord involvement.

The net operating income is $78,110 which makes the cap rate 9% with a purchase price of $868,000 and a very attractive 16.99% cash on cash return.

In the event the property should become vacant in the future, it is a desirable building type with benefits such as easy highway access, fenced yard, sits in an opportunity zone, and a TIF district.

Exclusively Listed By

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