Industrial Flex | Oklahoma City, OK
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
