219 32Nd St Muskogee, OK 74401
- Commercial land
- 6,692 SF
- 0.52 lot acres
Current Use by Public Records
- Boost Mobile / Cell Phone Store
Property Details for 219 32Nd St
- Year built
- 1965
- Lot size
- 0.52 lot acres
- Property size
- 6,692 SF
- Zone code
- F2
- Property type
- Commercial land
- APN
- 4360-28-005-009-1-104-05
- APU
- 436028005009110405
Description
Exceptional investment opportunity in Muskogee, Oklahoma, presents a brand-new, 6,532 square foot medical office building situated on a 1.41-acre lot. This property boasts a strong 7.50% cap rate, generating a substantial net operating income (NOI) of $378,307 annually. The building, constructed in 2024, is currently 100% occupied under a long-term, 20-year absolute triple-net (NNN) lease with a corporate guarantee from Join Parachute, a company with over 19 locations. This provides significant security and stability for investors. The lease includes annual rental increases of 2% commencing in year six, ensuring consistent growth in rental income. The asking price for this exceptional investment is $5,044,090, translating to a price per square foot of $772.21. This property offers a compelling combination of strong tenant occupancy, a secure lease structure, and significant potential for long-term appreciation, making it an ideal addition to any investment portfolio. The property is located at 219 S 32nd St, Muskogee, OK 74401.
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
- Muskogee
- County
- Muskogee
- State
- Oklahoma
- Longitude
- -95.403
- Latitude
- 35.7534
- CBSA code
- 34780
- CBSA name
- MUSKOGEE, OK MICROPOLITAN STATISTICAL AREA
