1007 Admiral Blvd, Tulsa, OK 74120-1601

This exceptional investment opportunity presents a fully occupied, 106,000-square-foot industrial property situated on a 4.72-acre lot at 1007 E Admiral Blvd, Tulsa, OK 74120. The property, boasting a 9.72% cap rate and a strong NOI of $534,640, features two tenants under an absolute NNN lease structure with a remaining term of 5.1 years, expiring December 30, 2029. Built in 1930 and extensively renovated in 2024, the building includes a new roof and updated exterior. Key features include six loading docks, three dock-high doors, a 21-foot ceiling height, and ample parking for over 250 vehicles. The property benefits from a 3% annual rent increase built into the leases. Zoned IM (Industrial Medium) in Tulsa County, this multi-tenant facility offers a compelling combination of strong cash flow, built-in rent growth, and a recently completed renovation. The property includes 71,246 square feet available for a sale-leaseback with lease options of 2 or 5 years. The remaining 33,609 square feet is leased to a manufacturer of prefabricated homes and pharmacies. This presents a rare opportunity to acquire a high-performing industrial asset in a thriving Tulsa market. The asking price is $5,500,000, with a price per square foot of $51.89 and a price per unit of $2,750,000. The property's APN is 03325-92-01-00210 | Block-5.