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Office Space for Lease 6302-6332 S Peoria Ave

18,000 SF Retail Building Tulsa, OK 74136 £710,100 (£39/SF)

Investment Highlights

  • Good exposure to South Peoria
  • Rapid Transit Bus Line
  • Opportunity Zone

Executive Summary

92% occupied, 18,000 SF strip center located in in an opportunity zone.
Good exposure to South Peoria Ave, and located on the Rapid Transit Bus line.
Tenants pay utilities. Landlord pays all other operating expenses above
the first $300 per occurrence for maintenance.
Many of the tenants in the property have leased their space for a long time
due to affordable rents and good property management.
The price has been reduced from $1,200,000 to $900,000 which is approx. a 11% Cap Rate.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
18,000 SF
Building Class
C
Year Built
1972
Price
£710,100
Price Per SF
£39
Tenancy
Multiple
Number of Floors
1
Building FAR
0.31
Land Acres
1.32 AC
Opportunity Zone
Yes
Zoning
CS - CS (Commercial Shopping) which primarily allows retail uses. However office and medical uses are also permitted in a CS district.
Parking
79 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
376 ft on Peoria Ave

Amenities

  • Bus Route
  • Pylon Sign
  • Signage
  • Tenant Controlled HVAC
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 6304
  • 1,500 SF
  • Office/Retail
  • -
  • 60 Days

1,500 SF Office Space located in a 92% occupied well managed strip center with good foot traffic from nearby residents. Landlord will deliver freshly painted clean space to the Tenant. Landlord will also consider making improvements to the space to meet Tenant requirements. The cost for tenant improvements would be amortized over the term of the lease. All HVAC equipment will be in good operating condition at the commencement date of the lease. Local Owner who responds promptly to maintenance calls. The monthly rent is $1,000/month GROSS. Tenant pays all utilities. Located in an opportunity zone, the space is ideal for a medical practitioner or retailer serving a low income population.

Space Size Space Use Position Available
6304 1,500 SF Office/Retail - 60 Days

6304

Size
1,500 SF
Space Use
Office/Retail
Position
-
Available
60 Days

6304

Size 1,500 SF
Space Use Office/Retail
Position -
Available 60 Days

1,500 SF Office Space located in a 92% occupied well managed strip center with good foot traffic from nearby residents. Landlord will deliver freshly painted clean space to the Tenant. Landlord will also consider making improvements to the space to meet Tenant requirements. The cost for tenant improvements would be amortized over the term of the lease. All HVAC equipment will be in good operating condition at the commencement date of the lease. Local Owner who responds promptly to maintenance calls. The monthly rent is $1,000/month GROSS. Tenant pays all utilities. Located in an opportunity zone, the space is ideal for a medical practitioner or retailer serving a low income population.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
39180-82-01-40270
Land Assessment
£14,999
Improvements Assessment
£25,419
Total Assessment
£40,418
  • Listing ID: 32248617

  • Date on Market: 25/06/2024

  • Last Updated:

  • Address: 6302-6332 S Peoria Ave, Tulsa, OK 74136

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