6333 Peoria Ave Tulsa, OK 74136

Property Details for 6333 Peoria Ave

Year built

1985

Lot size

3.23 lot acres

Property size

56,772 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional multi-tenant industrial property, located at 6333 S Peoria Ave, Tulsa, OK 74136, presents a compelling investment opportunity. The 56,772 square foot facility, built in 1985, sits on a 3.23-acre lot and boasts a desirable mix of distribution, flex, and warehouse space. Currently operating at 73% occupancy, the property offers significant upside potential due to below-market rents and short-term leases. The asking price is $3,981,000, representing a compelling $70.12 per square foot and a 6.50% cap rate with a current NOI of $258,615. Constructed of high-quality concrete tilt-up, this property is well below replacement cost. Desirable features include overhead doors, commercial entrances, and a keyless entry gate system. Its strategic location offers easy access to I-44 (over 94,000 cars daily), and is within a 20-minute drive of Tulsa International Airport (TUL). The property benefits from Tulsa's strong economy, with a low unemployment rate of 3.60% (nearly 14% below the national average), and a robust population of over 411,000 in the city and over 1,034,000 in the Tulsa MSA. The area also features several major healthcare facilities. The Tulsa industrial market shows low vacancy rates (flex at 5.7% and overall industrial just above 3%), well below national averages. This property offers a rare combination of strong cash flow, significant upside potential, and a prime location in a thriving market.

Location Insight

City

Tulsa

County

Tulsa

State

Oklahoma

Longitude

-95.9758

Latitude

36.0713