For Sale

Industrial Flex | Oklahoma City, OK

Asking Price: $1,575,000 | Cap Rate: 6.35%

  • Net Operating Income: $100,013
  • Weighted Avg. Lease Term (WALT): 1.4 Years
  • Lease Type: Modified Gross

Property Highlights

  • 100% leased by the government agency Department of Human Services; Guaranteed by ODHS, who is the largest state agency in Oklahoma
  • More than $150,000 in recent capital improvements: building had a brand-new roof installed in 2014 as well as a complete HVAC replacement in 2017
  • OK revitalization: job and population growth due to low cost of living, industrial, and corporate relocations
  • In-state investor can increase NOI with elimination of management company