5440 101 Ave Tulsa, OK 74146
- Warehouses
- 39,081 SF
- 1.55 lot acres
Current Use by Public Records
- Warehouses
Property Details for 5440 101 Ave
- Year built
- 1976
- Lot size
- 1.55 lot acres
- Property size
- 39,081 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 39,081-square-foot industrial property in Tulsa, Oklahoma, presents a compelling investment opportunity. Currently 100% occupied under an absolute NNN leaseback agreement with a tenant, ensuring minimal landlord responsibilities. The single-story building, constructed in 1976 and renovated in 2022, boasts 22-25 foot ceilings, five dock-high doors, and ample loading areas. The 1.55-acre lot provides convenient access to major transportation arteries, including Highway 169 and Highway 51. The property features 3,000 square feet of office/showroom space and 36,081 square feet of warehouse space, ideal for distribution or manufacturing. The asking price is $4,200,000, representing a compelling $107.47 per square foot and a 7.44% cap rate based on a Net Operating Income (NOI) of $312,480. The leaseback agreement commences May 20, 2024, for a three-year term. This Class B industrial building, zoned IL, offers a rare opportunity for investors seeking a low-management, high-return asset with strong site fundamentals. The property's central location within Tulsa and its proximity to major highways make it an attractive option for a variety of industrial uses. This is a sale-leaseback opportunity, perfect for a 1031 exchange or an investor seeking a passive income stream. The property's features include 3-phase 400 amp 240-volt power.
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
- Tulsa
- County
- Tulsa
- State
- Oklahoma
- Longitude
- -95.8646
- Latitude
- 36.0849
