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Parachute Plasma 113 S Van Buren St

7,095 SF Office Building Enid, OK 73703 £3,238,523 (£456/SF) 7.50% Net Initial Yield

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Growing Credit | The lease is subject to a corporate guarantee by Join Parachute.
  • Attractive Rental Increases | The lease will feature 2.00% rental increases starting in year 7.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Parachute
Plasma located at 113 S Van Buren, Enid, OK 73703. The site
consists of roughly 7,095 rentable square feet of building space
on an estimated 0.72-acre parcel of land. This Parachute Plasma
is subject to a 20-year Triple Net (NNN) lease, which will
commence upon close of escrow. The current annual rent is
$309,646 and has scheduled increases of 2.00% annually
starting year 7.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
7,095 SF
Building Class
B
Year Built
2023
Price
£3,238,523
Price Per SF
£456
Net Initial Yield
7.50%
NOI
£242,889
Tenancy
Single
Number of Floors
1
Typical Floor Size
7,095 SF
Building FAR
0.23
Land Acres
0.72 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
1 of 1
113 S Van Buren St, Enid, OK - aerial map view
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 4970-00-004-006-0-028-00 Improvements Assessment £0
Land Assessment £12,239 Total Assessment £12,239

PROPERTY TAXES

Parcel Number
4970-00-004-006-0-028-00
Land Assessment
£12,239
Improvements Assessment
£0
Total Assessment
£12,239
(332) 345-4222

  • Listing ID: 34145261

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 113 S Van Buren St, Enid, OK 73703

The Office Property at 113 S Van Buren St, Enid, OK 73703 is currently available For Sale. Contact NNN Pro Group for more information.

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113 S Van Buren St, Enid, OK for sale Building Photo- Image 1 of 3
Parachute
113 S Van Buren St, Enid, OK for sale Aerial- Image 2 of 3
113 S Van Buren St - Enid, OK - Aerial

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Parachute Plasma | 113 S Van Buren St
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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

Amelia Haydock

(332) 345-2408

(332) 345-2408

Joseph Kelly

(332) 345-4315

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