Current Use by Public Records
- Warehouses
Property Details for 7144 Meers Porter Hl Rd
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
Exceptional investment opportunity: a 15,640-square-foot warehouse in Lawton, Oklahoma (73507), offering 74 fully leased storage units across four buildings. This turn-key property boasts a strong 6.20% cap rate and a substantial net operating income (NOI) of $108,560, with an asking price of $1,750,000 ($111.89/sq ft). The units are a mix of sizes: 20 units measure 12'x35', 22 units are 14'x35', and 12 units are 14'x50' with electric. Conveniently located near Lake Lawtonka in a high-demand area, this property benefits from accelerated annual rent increases built into the current leases for the next three years, ensuring consistent income growth. Further enhancing operational efficiency, the property includes a security camera system and a digital bill pay application for streamlined remote management. This low-maintenance, newly constructed facility presents a compelling investment prospect for those seeking strong returns in a thriving market. The property's strategic location balances accessibility and convenience, making it an attractive option for a wide range of storage needs.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lawton
- County
- Comanche
- State
- Oklahoma
- Longitude
- -98.5133
- Latitude
- 34.7827
