For Sale
$1,195,000

3839 Boulevard Edmond, OK 73013

8,293 SF Office Building, 6.44% Cap Rate, Edmond, OK

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional 8,293 square foot, two-story office building in Edmond, Oklahoma presents a unique owner-user investment opportunity. Built in 2006, the Class B property sits on a 23,152 square foot lot (APN R205482130) and boasts 100% occupancy with three tenants. The asking price is $1,195,000, translating to $144.10 per square foot. The building generates a substantial net operating income (NOI) of $77,000, yielding a compelling 6.44% capitalization rate. The property features a modified lease structure, with approximately 70% of tenants under 5-7 year leases. One 3,000 square foot suite is currently on a month-to-month lease, offering an immediate owner-user space. This prime location provides easy access to major thoroughfares including the Kilpatrick Turnpike, Broadway Extension, and I-35. Owner financing may be available. This is an ideal opportunity for a business seeking to own its space while simultaneously generating passive income from existing tenants. The building's strong tenant history and excellent location make it a highly attractive investment.

Highlights

  • 8,293 SF two-story office building in Edmond, OK, offering an owner-user opportunity.
  • Class B building constructed in 2006, situated on a 23,152 SF lot (APN R205482130).
  • 100% occupancy with three tenants; asking price: $1,195,000 ($144.10/SF); $77,000 NOI, 6.44% cap rate.
  • Modified lease structure: ~70% of tenants under 5-7 year leases; one 3,000 SF suite is month-to-month, ideal for owner-occupancy.
  • Excellent location with easy access to Kilpatrick Turnpike, Broadway Extension, and I-35; owner financing may be available.

Property Details for 3839 Boulevard

Property type
Office properties
Square Feet
8,293 SF
Class
B
Year Built
2006
Buildings
1
Stories
2

Location Insight

City
Edmond
County
Oklahoma
State
Oklahoma
Latitude
35.6177484
Longitude
-97.4795325

FAQs

What type of property is this?
Office property - 8,293 SF Office Building, 6.44% Cap Rate, Edmond, OK
Where is the office property located?
The property is located at 3839 Boulevard Edmond, OK.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 8,293 SF two-story office building in Edmond, OK, offering an owner-user opportunity.; Class B building constructed in 2006, situated on a 23,152 SF lot (APN R205482130).; 100% occupancy with three tenants; asking price: $1,195,000 ($144.10/SF); $77,000 NOI, 6.44% cap rate.
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3839 Boulevard
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