Current Use by Public Records
- Halley Davis - State Farm Insurance Agent / Insurance Agency
- Mark B Privott, OD, PC / Physician
- Red Dirt Solutions / Consultant
- PMHOKC / Landscaping / General Contractor
- Eye Care Associates of Bethany / Physician
Property Details for 4107 Council Rd
- Year built
- 2023
- Lot size
- 2.03 lot acres
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
Description
Exceptional investment opportunity: This newly constructed (2023) Bethany, Oklahoma office park offers 23,271 square feet across eight single-story buildings on a 2.03-acre lot. The property boasts 100% occupancy with thirteen tenants under triple-net (NNN) leases, providing a hands-off investment experience. Each of the eighteen units, ranging from 1,201 to 4,452 square feet, is situated within the permitted office zoning. The property features a strong corporate guarantee on the leases and built-in rent bumps. Financial highlights include a $3,995,000 asking price, a 7.81% cap rate, and a net operating income (NOI) of $311,816. The price per square foot is $171.67, and the price per unit is $221,944.44. Ample parking is available, and the property's prime location at 4107 N Council Rd, Bethany, OK 73008 ensures high visibility and accessibility. This Class B property represents a stabilized investment with minimal landlord responsibilities and significant potential for long-term returns. The property's APN is 173795500. This is a sole ownership opportunity.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bethany
- County
- Oklahoma
- State
- Oklahoma
- Longitude
- -97.6543
- Latitude
- 35.514
