227 Philadelphia AveShawnee, OK 74801

Property Details for 227 Philadelphia Ave

Year built

1940

Lot size

0.72 AC

Property size (Sq ft)

2,700 SF

Property type

Warehouses

APN

2430-00-004-018-0-000-00

APU

243000004018000000

Description

This exceptional 13,387 square foot flex/warehouse property at 227 S. Philadelphia Ave, Shawnee, OK 74801, presents a compelling owner-user or investment opportunity. Boasting a desirable triple-net lease structure with a tenant in place until September 29, 2026, this property offers a strong pro-forma cap rate of 11.65% and a pro-forma NOI of $75,720. The asking price is $650,000, translating to $48.55 per square foot. Built in 1940, the building sits on a 0.72-acre lot (APN 630023764) and is zoned for industrial use. Key features include a new roof, a large fenced yard, and 1200 amp three-phase power. The property is currently 100% occupied, providing immediate cash flow and a secure investment. This is a single-tenant property with a lease commencement date of June 30, 2023. The property is classified as industrial and self-storage, offering versatility and potential for various uses. This is a rare opportunity to acquire a well-located, high-performing industrial property in Shawnee, Oklahoma.

Location Insight

City

Shawnee

County

Pottawatomie

State

Oklahoma

Latitude

35.3245

Longitude

-96.9193

CBSA code

43060

CBSA name

SHAWNEE, OK MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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