For Sale
$1,995,000

505 6Th St Chickasha, OK 73018

High-yield warehouse & office complex.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional Chickasha, Oklahoma property, located at 505 N 6th St, 73018, offers a compelling investment opportunity. The 38,313 square foot building comprises a 33,137 square foot warehouse and a 5,176 square foot office space, currently operating at 100% occupancy under a triple-net (NNN) lease expiring August 30, 2026. The lease, commenced June 30, 2023, has a remaining term of approximately 1.9 years. The asking price is $1,995,000, representing a compelling $52 per square foot and an attractive 11.00% capitalization rate with a current Net Operating Income (NOI) of $216,000. Significant upgrades include a full fire suppression sprinkler system, 87.5 tons of new HVAC units, and a robust electrical system featuring a 3,000-amp service with generator quick connect. The property boasts a fully fenced and secured perimeter, ample yard space, a truck well, and multiple overhead doors, offering flexibility for diverse industrial uses. Interior features include a CO2 system, four 1,000-gallon water tanks, two reverse osmosis (RO) systems, and extensive lighting and ventilation equipment. This property presents a rare opportunity to acquire a high-performing asset with significant upside potential in a growing market. No rent bumps are anticipated during the lease term.

Highlights

  • 38,313 SF building (33,137 SF warehouse, 5,176 SF office) for sale in Chickasha, OK.
  • Priced at $1,995,000, representing a $52/SF price and an approximately 11% cap rate.
  • NNN lease in place through August 2026.
  • Features a full fire sprinkler system, 87.5 tons of HVAC, and a 3,000-amp electrical service with generator hookup.
  • Fully fenced and secured yard with truck well and multiple overhead doors.

Property Details for 505 6Th St

Property type
Warehouses, Office properties
Square Feet
38,313 SF

Location Insight

City
Chickasha
County
Grady
State
Oklahoma
Latitude
35.056301
Longitude
-97.9400056

FAQs

What type of property is this?
Warehouse - High-yield warehouse & office complex.
Where is the warehouse located?
The property is located at 505 6Th St Chickasha, OK.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 38,313 SF building (33,137 SF warehouse, 5,176 SF office) for sale in Chickasha, OK.; Priced at $1,995,000, representing a $52/SF price and an approximately 11% cap rate.; NNN lease in place through August 2026.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
505 6Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message