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Mixed-Use

8505 NE 36th St

8505 NE 36th St, Spencer, OK 73084

Listing Price: $800,000

Cap Rate
9.29%
Number of Suites
1
Gross SF
20,000
Rentable SF
20,000
Price/Gross SF
$40.00
Lot Size
3.00 acres
Year Built
1968

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant industrial warehouse building containing MidSouth Recycling (the “Property” or “Asset”) located in Spencer, Oklahoma. The Property is positioned just a few miles off Highway 62. Furthermore, an industrial vacancy rate of 3.3% in this submarket demonstrates the strength of the location and lack of supply for tenants seeking space in the region. A primary reason for the desirability is Spencer’s advantageous location, which is within a few hours drive of multiple large cities such as Kansas City, St. Louis and minutes away from Oklahoma City. This offering presents the rare opportunity to acquire a stabilized industrial asset with a completely passive ownership structure outstanding security in the value of the underlying real estate. This property can be combined with 1145 W I-240 Building E and H in Oklahoma City as a portfolio sale.

Investment Highlights

  • Recently Renovated in 2020
  • Strong Tenant with NNN Lease
  • Warehouse with Office Space

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s) OK: 181981

    Oklahoma

Financing By

Mixed-Use

8505 NE 36th St

Listing Price: $800,000

Cap Rate
9.29%
Number of Suites
1
Gross SF
20,000
Rentable SF
20,000
Price/Gross SF
$40.00
Lot Size
3.00 acres
Year Built
1968

Investment Highlights

  • Recently Renovated in 2020
  • Strong Tenant with NNN Lease
  • Warehouse with Office Space

Investment Overview

We are pleased to offer for sale the fee simple interest in a freestanding, single-tenant industrial warehouse building containing MidSouth Recycling (the “Property” or “Asset”) located in Spencer, Oklahoma. The Property is positioned just a few miles off Highway 62. Furthermore, an industrial vacancy rate of 3.3% in this submarket demonstrates the strength of the location and lack of supply for tenants seeking space in the region. A primary reason for the desirability is Spencer’s advantageous location, which is within a few hours drive of multiple large cities such as Kansas City, St. Louis and minutes away from Oklahoma City. This offering presents the rare opportunity to acquire a stabilized industrial asset with a completely passive ownership structure outstanding security in the value of the underlying real estate. This property can be combined with 1145 W I-240 Building E and H in Oklahoma City as a portfolio sale.

Exclusively Listed By

Broker of Record

  • Mark R. McCoy

    Regional Manager

    (817) 932-6100

    License(s): OK: 181981

    Oklahoma

Financing By

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