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Auto-Turn Manufacturing 9800 S 219th East Ave

47,000 SF Industrial Building Broken Arrow, OK 74014 £3,415,790 (£73/SF) 6.25% Net Initial Yield

Investment Highlights

  • Industrial (Warehouse/Distribution) - Absolute NNN Leased Asset - Auto-Turn Manufacturing
  • 10 Years Remaining in Primary Term – One 10 Year Option - 2.25% Annual Rent Increases
  • Building Specification: 3,500 SF Office & 43,500 SF Warehouse - 20’ Clear Height – 4 Grade Level Loading Areas
  • Long Term Tenant – Occupied Location for Over 12 Years
  • Strong Site Fundamentals – 47,000 SF Building on 3.0 Acre Parcel
  • Easy Access to Major Transportation Arteries – South 219th E Ave & Hwy 51 (24,100+ VPD)

Executive Summary

The Snyder Carlton National Net Lease Team is pleased to offer to investors, an opportunity to acquire a single tenant absolute NNN leased industrial asset in Broken Arrow, OK. Auto-Turn Manufacturing recently signed a 12 year lease with 10 lease years remaining, one 10-year option period, and 2.25% annual rent increases throughout lease, and has occupied this location for over 12 years.
The 47,000 SF building on 3.0-acre parcel is positioned on S 219th E Avenue and provides great access to Highway 51 which sees over 24,100 VPD. Within the rapidly growing Tulsa Industrial Market (Population 780,000+) this is ideal for a 1031 exchange asset or an investor seeking years of inflation resistant cash flows with zero landlord responsibilities. Site fundamental comprise 3,500 SF office Area, 43,500 SF warehouse area, four grade level loading areas, and 20 FT clear height.
This is a rare opportunity to acquire an Absolute NNN industrial Asset with annual rent increases, zero landlord responsibilities, and strong site fundamentals.

Property Facts

Price £3,415,790
Price Per SF £73
Sale Type Investment
Net Initial Yield 6.25%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 3.00 AC
Rentable Building Area 47,000 SF
Number of Floors 1
Year Built 1984
Tenancy Single
Parking Ratio 0.77/1,000 SF
Level Access Doors 3

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
730005470
Land Assessment
£18,763
Improvements Assessment
£265,201
Total Assessment
£283,964

zoning

Zoning Code Commercial (Commercial)
Commercial (Commercial)
  • Listing ID: 31344594

  • Date on Market: 27/03/2024

  • Last Updated:

  • Address: 9800 S 219th East Ave, Broken Arrow, OK 74014

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