45021 County Street 2700 Cyril, OK 73029
This fully occupied, 42,000 square foot industrial property in Cyril, Oklahoma, is offered for sale at $2,200,000, representing a 10.63% capitalization rate. The property sits on 13.61 acres and includes three buildings: a main warehouse with a two-story office complex, a second warehouse, and a 6,000 square foot canopy shelter. The main warehouse, totaling 16,000 square feet, features a 30-foot peak ceiling height, HVAC, one 5-ton single girder crane, and one 15-ton double girder bridge crane. It also includes four 14' x 18' overhead drive-through doors, two passage doors, and one dock. The second warehouse offers 17,600 square feet with sixteen 14' x 18' overhead doors, HVAC, and an open-span office/meeting room. The two-story office complex boasts a reception area, eight offices, a full kitchen/breakroom, three restrooms with showers, and a conference room, all fully insulated with HVAC. The property is fully fenced and gated, includes approximately 17,000 square feet of concrete paving, employee parking, three three-phase 800-amp power supplies, three water wells, and a propane tank. A rail line runs adjacent to the property, offering potential for negotiated direct rail service. The property is currently 100% occupied under a modified lease with a single tenant, expiring August 31, 2024, with lease options for 2-3 years. The permitted zoning is agricultural. Built in 1982, this Class C industrial property presents a strong investment opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
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