4107 Council RdBethany, OK 73008

For Sale
$3,995,000
High-return, multi-tenant office park.

Overview

Added:
Dec 11, 2024
Days on market:
126
Exceptional investment opportunity: This newly constructed (2023) Bethany, Oklahoma office park offers 23,271 square feet across eight single-story buildings on a 2.03-acre lot. The property boasts 100% occupancy with thirteen tenants under triple-net (NNN) leases, providing a hands-off investment experience. Each of the eighteen units, ranging from 1,201 to 4,452 square feet, is situated within the permitted office zoning. The property features a strong corporate guarantee on the leases and built-in rent bumps. Financial highlights include a $3,995,000 asking price, a 7.81% cap rate, and a net operating income (NOI) of $311,816. The price per square foot is $171.67, and the price per unit is $221,944.44. Ample parking is available, and the property's prime location at 4107 N Council Rd, Bethany, OK 73008 ensures high visibility and accessibility. This Class B property represents a stabilized investment with minimal landlord responsibilities and significant potential for long-term returns. The property's APN is 173795500. This is a sole ownership opportunity.

Highlights

  • Rare opportunity to acquire a high-quality, low-risk, newly constructed (2023) office park in Bethany, OK.
  • 100% occupancy with thirteen tenants under triple-net (NNN) leases provides immediate income and minimal landlord responsibilities.
  • Prime Bethany location on a 2.03-acre lot with ample parking offers high visibility and accessibility.
  • Eight single-story buildings totaling 23,271 square feet, with units ranging from 1,201 to 4,452 square feet, cater to diverse tenant needs.
  • Strong financial metrics include a $3,995,000 asking price, 7.81% cap rate, and $311,816 NOI.

Property Details for 4107 Council Rd

Property type
Office properties, Medical offices
Square Feet
23,271 SF
Class
B
Year Built
2023
Buildings
8
Stories
1
Lot Size (sq. ft)
88,427 SF
Units
18

Location Insight

City
Bethany
County
Oklahoma
State
Oklahoma
Latitude
35.513977358932
Longitude
-97.654328469414
4107 Council Rd, Bethany, Oklahoma

FAQs

What type of property is this?
Office property - High-return, multi-tenant office park.
Where is the office property located?
The property is located at 4107 Council Rd Bethany, OK.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: Rare opportunity to acquire a high-quality, low-risk, newly constructed (2023) office park in Bethany, OK.; 100% occupancy with thirteen tenants under triple-net (NNN) leases provides immediate income and minimal landlord responsibilities.; Prime Bethany location on a 2.03-acre lot with ample parking offers high visibility and accessibility.
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4107 Council Rd
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