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Warehouse and Office Space Available

601 SW Ard St, Lawton, OK 73505

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For Sale

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Renovated warehouse and office space with recent expansion.

Type:Industrial

Property size:

60,100 SF

Price / SF:

$166/SF

HighLights

Total of 60,100 square feet of warehouse/office space.
Includes 20,000 square feet of warehouse space built in 2023.
Renovated in 2018 (original 40,100 sq ft building).
Features approximately 5,000 square feet of office space.
Equipped with 14' overhead doors and 25' warehouse height.
Sprinkler system in both buildings.

We can help!

Contact an agent

Ted Warkentin

For Sale

Contact for pricing

Renovated warehouse and office space with recent expansion.

Type:Industrial

Property size:

60,100 SF

Price / SF:

$166/SF

Added:: Aug 23, 2023
Days on Market:: 1050
Last Refresh:: Jun 23 at 4:12 pm

Property Features for 601 SW Ard St

General Information

Standard status: Active
Size: 60,100 SF
Property subtype: Industrial

We can help!

Contact an agent

Ted Warkentin

Listing office Cummins-Setters Commercial Partners

Listing date Aug 23, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Cummins-Setters Commercial Partners

HighLights

Total of 60,100 square feet of warehouse/office space.
Includes 20,000 square feet of warehouse space built in 2023.
Renovated in 2018 (original 40,100 sq ft building).
Features approximately 5,000 square feet of office space.
Equipped with 14' overhead doors and 25' warehouse height.
Sprinkler system in both buildings.

Overview

This commercial property features a combination of warehouse and office space, situated on a corner lot in close proximity to the Goodyear Tire and Rubber Plant, Republic Paper, and Bar-S Foods. The original building, encompassing 40,100 square feet, underwent renovations in 2018. It includes approximately 5,000 square feet of office space and 35,100 square feet of warehouse area. An additional 20,000 square feet of warehouse space was constructed in 2023, bringing the total property size to 60,100 square feet. Both the original and new warehouse sections are equipped with a sprinkler system. The property includes 14' overhead doors and an approximate warehouse height of 25'.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.18M	$19.56
− Vacancy	−$118.7k	−$1.98
EGI	$1.06M	$17.58
− OpEx	−$264.2k	−$4.40
NOI	$792.6k	$13.19

60,100 SF · lease $19.56/SF/yr · vacancy 10.10% · expense 25.00%

Alternative Uses

Best Use

Office B

$11.32M

$9.91M – $13.21M (±1% cap)

NOI $792,619 @ 7.0% cap · market cap 7.93%

Second Best

Flex RnD

$10.63M

$9.30M – $12.40M (±1% cap)

NOI $744,277 @ 7.0% cap · market cap 7.44%

Theoretical Best

Office A

$14.78M

$12.93M – $17.24M (±1% cap)

NOI $1,034,547 @ 7.0% cap · market cap 10.35%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Similar Places Nearby

Public Storage — 602 SW 82nd St, Lawton, OK 73505

Location Insight

Map
Local Demand

City: Lawton
County: Comanche
State: Oklahoma
Longitude: -98.5048346
Latitude: 34.6010601

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For sale
Warehouses
OK
Lawton
73505
601 SW Ard St

What type of property is this?

Warehouse - Renovated warehouse and office space with recent expansion.

Where is this warehouse located?

The property is located at 601 SW Ard St Lawton, OK.

What is the asking price?

The asking price for this property is $9,998,000.

What are key features of this property?

This property features: Total of 60,100 square feet of warehouse/office space.; Includes **20,000 square feet of warehouse space built in 2023**.; Renovated in 2018 (original 40,100 sq ft building).