28064 Ok-33 Cashion, OK 73016
- Warehouses
- 46,800 SF
- 15.00 lot acres
Current Use by Public Records
- Warehouses
Property Details for 28064 Ok-33
- Year built
- 2020
- Lot size
- 15.00 lot acres
- Property size
- 46,800 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fully occupied, 46,800-square-foot multi-tenant warehouse portfolio situated on a spacious 15-acre lot in Cashion, Oklahoma. The property comprises thirteen individual buildings, each offering varying ceiling heights (ranging from 15.75' to 20'), and features eight loading docks. Currently boasting 100% occupancy with a strong NOI of $635,055 (pro-forma NOI of $639,855), this Class C property offers a compelling 21.20% cap rate (pro-forma 21.36%). The buildings are arranged as stand-alone small-bay structures, providing flexibility and potential for future expansion. Tenants are on short-term, staggered leases, allowing for future rent increases and value appreciation. The property benefits from convenient access to State Highways 33 and 74, facilitating efficient distribution. The existing on-site management team provides seamless oversight, making this an ideal investment for both local and out-of-state investors. The substantial land area presents significant potential for future development. This fee-simple offering is priced at $2,995,000, representing a $64 per square foot price. The property was constructed in 2020 and includes approximately 600 square feet of additional living space.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cashion
- County
- Kingfisher
- State
- Oklahoma
- Longitude
- -97.7143
- Latitude
- 35.842
