1540 Yale AveTulsa, OK 74115

For Sale
$2,500,000
High-yield storage facility, Tulsa, OK

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 21,017-square-foot self-storage facility in Tulsa, OK, presents a compelling investment opportunity. Boasting 205 units (133 non-climate-controlled, 72 climate-controlled), two covered and 68 uncovered parking spaces, and two leased residential units, the property is situated on 2.7 acres at 1540 N Yale Ave, Tulsa, OK 74115. Built in 2001, the facility comprises ten buildings with metal standing seam roofs, a leasing office connected to a 1,000-square-foot manager's residence, perimeter fencing and lighting, a key-pad gate system, 24-hour camera surveillance, and automated remote leasing technology. Currently operating at 91% occupancy, the property offers significant upside potential. Approximately 36% of tenants are below current market rates, presenting immediate opportunities to increase revenue. Further expansion is possible by converting uncovered parking spaces into additional storage units. The property enjoys a prime location with no competitors within a one-mile radius, and benefits from Tulsa's robust economic growth, including major investments in solar energy manufacturing and theme park development. The asking price is $2,500,000, representing a compelling $118.95 per square foot and an 8.11% cap rate. Projections indicate potential for increased returns in subsequent years. This is a rare opportunity to acquire a stabilized, high-performing asset with substantial value-add potential in a thriving market.

Highlights

  • 91% Occupancy, Stabilized Cash Flow
  • 8.11% Year One Cap Rate, 9.87% Pro Forma Cap Rate
  • No Competitors within One Mile Radius
  • Opportunity for Remote Management Implementation
  • Potential to Increase Rents on Below-Market Tenants

Property Details for 1540 Yale Ave

Property type
Self storage facilities
Square Feet
21,017 SF
Year Built
2001
Buildings
10
Lot Size (sq. ft)
117,612 SF
Units
205

Location Insight

City
Tulsa
County
Tulsa
State
Oklahoma
Latitude
36.178669059124
Longitude
-95.922498288568
1540 Yale Ave, Tulsa, Oklahoma

FAQs

What type of property is this?
Self storage facility - High-yield storage facility, Tulsa, OK
Where is the self storage facility located?
The property is located at 1540 Yale Ave Tulsa, OK.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 91% Occupancy, Stabilized Cash Flow; 8.11% Year One Cap Rate, 9.87% Pro Forma Cap Rate; No Competitors within One Mile Radius
How can I contact the broker?
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1540 Yale Ave
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