708 Kenosha StBroken Arrow, OK 74012

Property Details for 708 Kenosha St

Year built

1973

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.62 AC

Property size (Sq ft)

63,593 SF

Zone code

IL

Property type

Warehouses

Property subtype

Self storage facilities

APN

98403-84-03-72140

APU

98403840372140

Description

This exceptional Class A self-storage facility, located at 708 W Kenosha St, Broken Arrow, OK 74012 (Tulsa MSA), presents a compelling investment opportunity. The property, encompassing 201,247 square feet on a 4.62-acre lot (APN: 98403-84-03-72140), boasts 46,418 net rentable square feet across 322 units within a single, one-story building. Currently operating at 92.9% occupancy, this asset benefits from a gross lease structure and multi-tenancy. Extensive renovations were completed in 2020, including a TPO roof overlay with a 20-year transferable warranty and the installation of exterior glass window walls. The property features prominent frontage with reader board signage and is situated in a densely developed area, less than a mile from the revitalized Rose District. Strong demographics within the three-mile trade area include an average household income of $111,116 and a population of 73,000. The property is zoned PUD-79C & BAZ-208/IL/CG. Significant upside potential exists through capturing tenant insurance revenue and pursuing an approved PUD amendment for expansion, along with monetizing the pad site to reduce the acquisition cost. This is a truly institutional-quality asset in a prime infill location with high barriers to entry. The property is currently managed by Extra Space Storage (third-party management). The sale is offered by the owner, Kenosha Street Self Storage LLC. Offers are due November 8th, 2024.

• Alternative Use

  Use

  Valuation

  Residential

  $6,345,197

  Hospitality

  $5,812,166

  Educational

  $4,835,654

  Medical

  $5,001,960

  Retail

  $7,522,128

Location Insight

City

Broken Arrow

County

Tulsa

State

Oklahoma

Latitude

36.0619

Longitude

-95.7991

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].