221 I-35 Frontage RdMoore, OK 73160

For Sale
$1,389,000
Fully occupied, high-yield office building in Moore, OK.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a fully occupied, multi-tenant office building located at 221 I-35 Frontage Rd, Moore, OK 73160. The 13,407 square foot Class B building, constructed in 1985 and renovated in 2016, boasts a strong 9.02% capitalization rate and a Net Operating Income (NOI) of $125,293. The asking price is $1,389,000, translating to $103.62 per square foot. Currently operating at 100% occupancy with a diverse tenant mix, this property ensures a stable and consistent income stream. Situated on a 1.6-acre lot, the property offers ample parking for tenants and visitors. An additional 0.47-acre fenced lot to the south provides further parking or potential development options. The building's prime location on I-35 Frontage Road ensures high visibility and accessibility. This modified lease structure offers a compelling investment opportunity for those seeking a stable, high-return asset in a thriving Oklahoma market. The property's strong tenant base and excellent location make it an ideal addition to any commercial real estate portfolio. This is a rare opportunity to acquire a well-maintained, high-performing office building with significant upside potential.

Highlights

  • $1,389,000 asking price for a 13,407 square foot office building.
  • Located at 221 I-35 Frontage Rd, Moore, OK 73160.
  • Class B, multi-tenant office building with 100% occupancy.
  • 9.02% cap rate with a $125,293 NOI.
  • $103.62 price per square foot.
  • Built in 1985, renovated in 2016, situated on a 1.6-acre lot.

Property Details for 221 I-35 Frontage Rd

Property type
Office properties
Square Feet
13,407 SF
Class
B
Year Built/Renovated
1985/2016
Lot Size (sq. ft)
69,696 SF

Location Insight

City
Moore
County
Cleveland
State
Oklahoma
Latitude
35.3400522
Longitude
-97.493
221 I-35 Frontage Rd, Moore, Oklahoma

FAQs

What type of property is this?
Office property - Fully occupied, high-yield office building in Moore, OK.
Where is the office property located?
The property is located at 221 I-35 Frontage Rd Moore, OK.
What is the asking price?
The asking price for this property is $1,389,000.
What are key features of this property?
This property features: $1,389,000 asking price for a 13,407 square foot office building.; Located at 221 I-35 Frontage Rd, Moore, OK 73160.; Class B, multi-tenant office building with 100% occupancy.
How can I contact the broker?
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221 I-35 Frontage Rd
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