For Sale
$875,000

1001 Petree Rd Anadarko, OK 73005

High-return office building, 8.34% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a single-tenant, 6,806 square foot Class B office building located at 1001 W Petree Rd, Anadarko, OK 73005. The property, built in 1991 and renovated in 2019, sits on a 41,382 square foot lot and includes 35 parking spaces. Currently 100% occupied under a NNN lease with a credit-rated tenant, the lease has a remaining term of approximately 2.2 years, expiring January 31, 2027. The lease commenced February 1, 2017, and has a 10-year term. The property boasts a strong net operating income (NOI) of $73,000, resulting in an attractive 8.34% capitalization rate. The asking price is $875,000. The property features one building, one story, and is categorized as a Traditional Office, Institutional Investment type. The APN is 1250-21-003-006-4-013-50. This presents a compelling opportunity for investors seeking a stable, high-yield investment in a well-located property. All information is believed to be accurate but should be independently verified.

Highlights

  • $875,000 asking price for a Class B, 6,806 square foot traditional office building.
  • Located at 1001 W Petree Rd, Anadarko, OK 73005, with a 41,382 square foot lot and 35 parking spaces.
  • 8.34% cap rate with a $73,000 NOI.
  • 100% occupancy with a single, credit-rated tenant under a NNN lease.
  • 10-year lease with approximately 2.2 years remaining, expiring January 31, 2027.

Property Details for 1001 Petree Rd

Property type
Specialty properties, Office properties
Square Feet
6,806 SF
Class
B
Year Built/Renovated
1991/2019
Buildings
1
Stories
1
Units
1

Location Insight

City
Anadarko
County
Caddo
State
Oklahoma
Latitude
35.057790209245
Longitude
-98.258557509456
1001 Petree Rd, Anadarko, Oklahoma

FAQs

What type of property is this?
Specialty property - High-return office building, 8.34% cap rate.
Where is the specialty property located?
The property is located at 1001 Petree Rd Anadarko, OK.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: $875,000 asking price for a Class B, 6,806 square foot traditional office building.; Located at 1001 W Petree Rd, Anadarko, OK 73005, with a 41,382 square foot lot and 35 parking spaces.; 8.34% cap rate with a $73,000 NOI.
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1001 Petree Rd
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