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Net Lease

Hill Manufacturing | 2.25% Annual Increases | Tulsa MSA | Absolute Net | Bonus Depreciation

2333 W Wichita St, Broken Arrow (Tulsa MSA), OK 74012

Listing Price: $3,477,220

Cap Rate
6.75%
Gross SF
33,392
Price/Gross SF
$104.13
Lot Size
2.35 acres
Year Built
2004
Rentable SF
33,392

Investment Overview

Located within the Broken Arrow industrial corridor of the greater Tulsa Metropolitan Area, the subject property benefits from a well-established manufacturing and logistics ecosystem that has supported industrial users for decades. 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.

The region offers immediate access to a robust transportation network, including major highways connecting Tulsa to Oklahoma City, Dallas–Fort Worth, Kansas City, and regional Midwestern markets. This central U.S. location enables efficient inbound raw material movement and outbound distribution to both coasts, making it attractive for regional and national operators. Additional logistical advantages include proximity to Tulsa International Airport, supporting air freight and executive travel, and the Port of Catoosa, one of the nation’s largest inland river ports, providing rail, barge, and intermodal connectivity.

Broken Arrow and the surrounding Tulsa market are supported by a deep, skilled labor force with a long history in manufacturing, machining, aviation, and energy services. Local technical schools, workforce programs, and trade pipelines continue to supply trained labor, which is a key driver for industrial tenant demand. From a cost perspective, the market offers favorable operating economics relative to larger gateway metros, including lower land costs, utilities, insurance, and overall occupancy expenses.

The industrial submarket surrounding the property is characterized by limited new supply, rising replacement costs, and sustained demand for functional industrial facilities with yard space and power capacity. These dynamics support long-term asset stability and make Broken Arrow an increasingly compelling location for both owner-users and industrial investors seeking durable fundamentals in a business-friendly environment.

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.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Net Lease

Hill Manufacturing | 2.25% Annual Increases | Tulsa MSA | Absolute Net | Bonus Depreciation

Listing Price: $3,477,220

Cap Rate
6.75%
Gross SF
33,392
Price/Gross SF
$104.13
Lot Size
2.35 acres
Year Built
2004
Rentable SF
33,392

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.

Investment Overview

Located within the Broken Arrow industrial corridor of the greater Tulsa Metropolitan Area, the subject property benefits from a well-established manufacturing and logistics ecosystem that has supported industrial users for decades. 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. The region offers immediate access to a robust transportation network, including major highways connecting Tulsa to Oklahoma City, Dallas–Fort Worth, Kansas City, and regional Midwestern markets. This central U.S. location enables efficient inbound raw material movement and outbound distribution to both coasts, making it attractive for regional and national operators. Additional logistical advantages include proximity to Tulsa International Airport, supporting air freight and executive travel, and the Port of Catoosa, one of the nation’s largest inland river ports, providing rail, barge, and intermodal connectivity. Broken Arrow and the surrounding Tulsa market are supported by a deep, skilled labor force with a long history in manufacturing, machining, aviation, and energy services. Local technical schools, workforce programs, and trade pipelines continue to supply trained labor, which is a key driver for industrial tenant demand. From a cost perspective, the market offers favorable operating economics relative to larger gateway metros, including lower land costs, utilities, insurance, and overall occupancy expenses. The industrial submarket surrounding the property is characterized by limited new supply, rising replacement costs, and sustained demand for functional industrial facilities with yard space and power capacity. These dynamics support long-term asset stability and make Broken Arrow an increasingly compelling location for both owner-users and industrial investors seeking durable fundamentals in a business-friendly environment.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    Managing Director Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Tim Speck

    Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

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