4400 44Th StOklahoma City, OK 73119

For Sale
$8,336,586
High-yield, multi-tenant property, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional mixed-use investment property, located at 4400 SW 44th St, Oklahoma City, OK 73119, presents a compelling opportunity for value-add investors. The property, identified by APN 132448027, comprises a 52,592 square foot building constructed in 1999, featuring two units on two stories and situated on a 6.37-acre lot. Currently boasting 82.29% occupancy with a Net Operating Income (NOI) of $583,561 and a 7.00% cap rate, the property is priced at $8,336,586. The building benefits from 173 parking spaces and is zoned I-2, allowing for diverse uses. Two credit-rated tenants currently occupy the space under a multi-tenant lease agreement with a remaining term of 3.7 years, expiring August 5, 2028 (lease commencement December 12, 2019). The property's strong tenant base, including a major GSA tenant, provides stability and potential for future growth. This prime location in Oklahoma City offers significant upside potential in a thriving market. The property's size, location, and existing tenant base make it an attractive investment for those seeking a stable, high-yielding asset with significant long-term potential. The building offers approximately 14,942 square feet of additional space.

Highlights

  • $8,336,586 asking price for a mixed-use, value-add property.
  • Class B, 52,592 square foot building with two credit-rated tenants.
  • 7.00% cap rate with a current NOI of $583,561.
  • 82.29% occupancy, with a lease expiration date of August 5, 2028.
  • Located in Oklahoma City, OK at 4400 SW 44th St, on a 6.37-acre lot with 173 parking spaces.

Property Details for 4400 44Th St

Property type
Mixed-use properties
Square Feet
52,592 SF
Class
B
Year Built
1999
Stories
2
Lot Size (sq. ft)
277,477 SF
Units
2

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.4236398
Longitude
-97.5975192
4400 44Th St, Oklahoma City, Oklahoma

FAQs

What type of property is this?
Mixed-use property - High-yield, multi-tenant property, strong NOI.
Where is the mixed-use property located?
The property is located at 4400 44Th St Oklahoma City, OK.
What is the asking price?
The asking price for this property is $8,336,586.
What are key features of this property?
This property features: $8,336,586 asking price for a mixed-use, value-add property.; Class B, 52,592 square foot building with two credit-rated tenants.; 7.00% cap rate with a current NOI of $583,561.
How can I contact the broker?
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4400 44Th St
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