For Sale
$2,995,000

28064 Ok-33 Cashion, OK 73016

High-Yield Multi-Tenant Warehouse Complex

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a fully occupied, 46,800-square-foot multi-tenant warehouse portfolio situated on a spacious 15-acre lot in Cashion, Oklahoma. The property comprises thirteen individual buildings, each offering varying ceiling heights (ranging from 15.75' to 20'), and features eight loading docks. Currently boasting 100% occupancy with a strong NOI of $635,055 (pro-forma NOI of $639,855), this Class C property offers a compelling 21.20% cap rate (pro-forma 21.36%). The buildings are arranged as stand-alone small-bay structures, providing flexibility and potential for future expansion. Tenants are on short-term, staggered leases, allowing for future rent increases and value appreciation. The property benefits from convenient access to State Highways 33 and 74, facilitating efficient distribution. The existing on-site management team provides seamless oversight, making this an ideal investment for both local and out-of-state investors. The substantial land area presents significant potential for future development. This fee-simple offering is priced at $2,995,000, representing a $64 per square foot price. The property was constructed in 2020 and includes approximately 600 square feet of additional living space.

Highlights

  • 46,800 SF fully occupied multi-tenant warehouse space.
  • Multiple free-standing small-bay warehouse buildings.
  • 15-acre site offering significant future development potential.
  • On-site management provided for out-of-state investors.
  • Excellent highway access via nearby Highways 33 and 74, ideal for distribution.

Property Details for 28064 Ok-33

Property type
Warehouses, Industrial properties
Square Feet
46,800 SF
Class
C
Year Built
2020
Buildings
13
Lot Size (sq. ft)
653,400 SF
Units
13

Location Insight

City
Cashion
County
Kingfisher
State
Oklahoma
Latitude
35.8419825
Longitude
-97.7143195

FAQs

What type of property is this?
Warehouse - High-Yield Multi-Tenant Warehouse Complex
Where is the warehouse located?
The property is located at 28064 Ok-33 Cashion, OK.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: 46,800 SF fully occupied multi-tenant warehouse space.; Multiple free-standing small-bay warehouse buildings.; 15-acre site offering significant future development potential.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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28064 Ok-33
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