3200 E Memorial Rd
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3200 E Memorial Rd
10,310 SF 100% Leased Office Building Edmond, OK 73013 $1,800,000 ($175/SF)
Investment Highlights
- WIthin minutes from I35 and the Turnpike
- Drive Through
- Down the street from Oklahoma Christian University
- Ample parking spaces
Executive Summary
For Rent at $15,000 NNN or For Sale at $1,8MM
This office property was a former bank building.
A large walk in safe is still on site as well as a drive through area.
Down the street from Highway I-35
This office property was a former bank building.
A large walk in safe is still on site as well as a drive through area.
Down the street from Highway I-35
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$193,194
|
$18.74
|
| Other Income |
$15,196
|
$1.47
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$208,390
|
$20.21
|
| Taxes |
$13,306
|
$1.29
|
| Operating Expenses |
$11,000
|
$1.07
|
| Total Expenses |
$24,306
|
$2.36
|
| Net Operating Income |
$184,084
|
$17.85
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $193,194 |
| Annual Per SF | $18.74 |
| Other Income | |
|---|---|
| Annual | $15,196 |
| Annual Per SF | $1.47 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $208,390 |
| Annual Per SF | $20.21 |
| Taxes | |
|---|---|
| Annual | $13,306 |
| Annual Per SF | $1.29 |
| Operating Expenses | |
|---|---|
| Annual | $11,000 |
| Annual Per SF | $1.07 |
| Total Expenses | |
|---|---|
| Annual | $24,306 |
| Annual Per SF | $2.36 |
| Net Operating Income | |
|---|---|
| Annual | $184,084 |
| Annual Per SF | $17.85 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
10,310 SF
Building Class
B
Year Built
1983
Price
$1,800,000
Price Per SF
$175
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
10,310 SF
Building FAR
0.13
Lot Size
1.89 AC
Zoning
O-2
Parking
67 Spaces (5.51 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 141545210 | Total Assessment | $111,795 |
| Land Assessment | $48,029 | Annual Taxes | $13,306 ($1.29/SF) |
| Improvements Assessment | $63,766 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
141545210
Land Assessment
$48,029
Improvements Assessment
$63,766
Total Assessment
$111,795
Annual Taxes
$13,306 ($1.29/SF)
Tax Year
2023
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3200 E Memorial Rd
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