219 32Nd StMuskogee, OK 74401

Property Details for 219 32Nd St

Year built

1965

Lot size

0.52 AC

Property size (Sq ft)

6,692 SF

Zone code

F2

Property type

Commercial land

APN

4360-28-005-009-1-104-05

APU

436028005009110405

Description

Exceptional investment opportunity in Muskogee, Oklahoma, presents a brand-new, 6,532 square foot medical office building situated on a 1.41-acre lot. This property boasts a strong 7.50% cap rate, generating a substantial net operating income (NOI) of $378,307 annually. The building, constructed in 2024, is currently 100% occupied under a long-term, 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a company with over 19 locations. This provides significant security and stability for investors. The lease includes annual rental increases of 2% commencing in year six, ensuring consistent growth in rental income. The asking price for this exceptional investment is $5,044,090, translating to a price per square foot of $772.21. This property offers a compelling combination of strong tenant occupancy, a secure lease structure, and significant potential for long-term appreciation, making it an ideal addition to any investment portfolio. The property is located at 219 S 32nd St, Muskogee, OK 74401.

• Alternative Use

  Use

  Valuation

  Residential

  $667,716

  Hospitality

  $611,624

  Educational

  $508,864

  Medical

  $526,365

  Retail

  $791,566

Location Insight

City

Muskogee

County

Muskogee

State

Oklahoma

Latitude

35.7534

Longitude

-95.403

CBSA code

34780

CBSA name

MUSKOGEE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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