2333 Wichita StBroken Arrow, OK 74012

Property Details for 2333 Wichita St

Year built

2004

Construction

STEEL FRAME

Lot size

2.35 AC

Property size (Sq ft)

33,392 SF

Zone code

IL

Property type

Warehouses

APN

83520-84-04-16290

APU

83520840416290

Description

This exceptional investment opportunity presents a 34,426-square-foot industrial manufacturing facility in Broken Arrow, Oklahoma, currently under a net lease with Hill Manufacturing & Fabrication. The property boasts a 12-year lease, commencing March 3, 2022, with 9.3 years remaining and a single 10-year option period. The lease includes a favorable 2.25% annual rent increase, ensuring consistent and growing income. The building, situated on a 2.35-acre lot, features 4,298 square feet of office space and 30,128 square feet of warehouse space, complemented by a 20-foot clear height, four loading areas (two grade level and two dock high), and excellent access to major transportation arteries, including Highway 51 (103,500+ VPD) and East 61st Street S (13,800+ VPD). The property's strong location is further supported by a population of over 212,000 residents within a 5-mile radius and an average household income exceeding $91,245 within a 1-mile radius. With a current asking price of $3,435,600, a cap rate of 6.25%, and a net operating income (NOI) of $214,725, this asset offers a compelling return on investment with minimal landlord responsibilities. The property's APN is 83520-84-04-16290, and the address is 2333 W Wichita St, Broken Arrow, OK 74012. This is an ideal asset for a 1031 exchange or an investor seeking long-term, inflation-resistant cash flow.

• Alternative Use

  Use

  Valuation

  Residential

  $3,331,795

  Hospitality

  $3,051,906

  Educational

  $2,539,150

  Medical

  $2,626,475

  Retail

  $3,949,789

Location Insight

City

Broken Arrow

County

Tulsa

State

Oklahoma

Latitude

36.0742

Longitude

-95.8192

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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