45021 County Street 2700 Cyril, OK 73029
- Warehouses
- 42,000 SF
- 13.61 lot acres
Current Use by Public Records
- Warehouses
Property Details for 45021 County Street 2700
- Year built
- 1982
- Lot size
- 13.61 lot acres
- Property size
- 42,000 SF
- Property type
- Warehouses
- Property subtype
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cyril
- County
- Caddo
- State
- Oklahoma
- Longitude
- -98.179
- Latitude
- 34.9112
