100% Occupied Triple Net Investment | 227 S Philadelphia Ave
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100% Occupied Triple Net Investment 227 S Philadelphia Ave
13,387 SF Industrial Building Shawnee, OK 74801 $650,000 ($49/SF) 11.65% Cap Rate
Investment Highlights
- 1200 amp three phase
- New roof
- Large fenced in yard
- Lease runs through 9/30/2026
Executive Summary
227 S, Philadelphia is located just blocks from downtown Shawnee. This industrial property has approximately 13,000 square feet with a large majority of the building being climate controlled. The roof has been replaced in the past two years. The current lease runs through 9/30/2026.
There is a triple net lease in place for the entire building that has an expiration date of 9/30/2026. The property features dock and grade level doors with a large fenced in storage area.
There is a triple net lease in place for the entire building that has an expiration date of 9/30/2026. The property features dock and grade level doors with a large fenced in storage area.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$75,720
|
$5.66
|
| Other Income |
$14,280
|
$1.07
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,000
|
$6.72
|
| Taxes |
$4,320
|
$0.32
|
| Operating Expenses |
$9,960
|
$0.74
|
| Total Expenses |
$14,280
|
$1.07
|
| Net Operating Income |
$75,720
|
$5.66
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $75,720 |
| Annual Per SF | $5.66 |
| Other Income | |
|---|---|
| Annual | $14,280 |
| Annual Per SF | $1.07 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $6.72 |
| Taxes | |
|---|---|
| Annual | $4,320 |
| Annual Per SF | $0.32 |
| Operating Expenses | |
|---|---|
| Annual | $9,960 |
| Annual Per SF | $0.74 |
| Total Expenses | |
|---|---|
| Annual | $14,280 |
| Annual Per SF | $1.07 |
| Net Operating Income | |
|---|---|
| Annual | $75,720 |
| Annual Per SF | $5.66 |
Property Facts
| Price | $650,000 | Rentable Building Area | 13,387 SF |
| Price Per SF | $49 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1940/2022 |
| Cap Rate | 11.65% | Tenancy | Single |
| Property Type | Industrial | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.73 AC |
| Price | $650,000 |
| Price Per SF | $49 |
| Sale Type | Investment |
| Cap Rate | 11.65% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.73 AC |
| Rentable Building Area | 13,387 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1940/2022 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- YCZH Construction LLC
- -
- 13,387 SF
- $5.66
- Triple Net
- Sep 2026
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| YCZH Construction LLC | - | 13,387 SF | $5.66 | Triple Net | Sep 2026 |
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PROPERTY TAXES
| Parcel Number | 243000004018000000 | Total Assessment | $42,185 (2023) |
| Land Assessment | $4,821 (2023) | Annual Taxes | $4,320 ($0.32/SF) |
| Improvements Assessment | $37,364 (2023) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
243000004018000000
Land Assessment
$4,821 (2023)
Improvements Assessment
$37,364 (2023)
Total Assessment
$42,185 (2023)
Annual Taxes
$4,320 ($0.32/SF)
Tax Year
2022
zoning
| Zoning Code | C-4 (Industrial) |
| C-4 (Industrial) |
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100% Occupied Triple Net Investment | 227 S Philadelphia Ave
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