For Sale
$3,175,000

7706 Owasso Expy Owasso, OK 74055

Oklahoma Mixed-Use Office Portfolio: High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
133
This Owasso, Oklahoma, mixed-use office portfolio presents a compelling investment opportunity. Comprising six single-story buildings totaling 27,655 square feet on a 4.5-acre lot, the property boasts 100% occupancy as of August 1, 2023. Built between 2008 and 2012, the buildings feature a mix of office and warehouse space, with sizes ranging from 2,400 to 4,800 square feet. Each unit includes climate-controlled office space and warehouse space, many with dock-high or drive-in doors. The property is exceptionally well-maintained, with metal construction, metal roofs, and some buildings featuring an EFIS exterior system. The portfolio is offered as a fee-simple investment with a stabilized NNN lease structure. The current NOI is $256,805, yielding an 8.09% cap rate, with a pro-forma NOI of $275,000 and a pro-forma cap rate of 8.66%. The asking price is $3,175,000, translating to $114.81 per square foot. Located at 7706 N Owasso Expy, Owasso, OK 74055, this property benefits from its location in one of Oklahoma's fastest-growing communities and is zoned CG. The seven units are currently fully occupied.

Property Details for 7706 Owasso Expy

Property type
Office properties, Office space
Square Feet
27,655 SF
Class
B
Year Built
2008
Buildings
6
Stories
1
Lot Size (sq. ft)
196,020 SF
Units
7

Location Insight

City
Owasso
County
Tulsa
State
Oklahoma
Latitude
36.266412730031
Longitude
-95.849643893867

FAQs

What type of property is this?
Office property - Oklahoma Mixed-Use Office Portfolio: High Occupancy
Where is the office property located?
The property is located at 7706 Owasso Expy Owasso, OK.
What is the asking price?
The asking price for this property is $3,175,000.
How can I contact the broker?
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7706 Owasso Expy
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