Current Use by Public Records
- Industrial properties
Property Details for 9800 219 Ave
- Lot size
- 3.00 lot acres
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This exceptional investment opportunity presents a 47,000-square-foot industrial manufacturing facility in Broken Arrow, Oklahoma. The property, located at 9800 S 219th E Ave, boasts a 100% occupancy rate with Auto-Turn Manufacturing under a 12-year absolute NNN lease, commencing March 10, 2022, and expiring March 10, 2034. With 9.3 years remaining on the primary lease term and a 10-year option, this asset offers significant long-term stability. The lease includes annual rent increases of 2.25%, providing inflation-resistant cash flow. The property features a 6.25% cap rate and a net operating income (NOI) of $270,579, with an asking price of $4,329,265 ($92.11 per square foot). The building comprises 3,500 square feet of office space and 43,500 square feet of warehouse space, featuring 20-foot clear height and four grade-level loading areas. Situated on a 3-acre lot, the property benefits from excellent access to Highway 51, experiencing over 24,100 vehicles per day. The surrounding area demonstrates strong demographics, with over 83,744 residents within a 5-mile radius and an average household income exceeding $116,633 within a 1-mile radius. This presents a rare opportunity to acquire a secure, low-maintenance industrial asset with substantial long-term growth potential. The property's APN is 251204-000010-000000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Broken Arrow
- County
- Wagoner
- State
- Oklahoma
- Longitude
- -95.7335
- Latitude
- 36.0226
