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5440 S 101st East Ave

40,000 SF Industrial Building Tulsa, OK 74146 $4,200,000 ($105/SF) 7.44% Cap Rate

Investment Highlights

  • Industrial (Manufacturing) - Absolute NNN Leased Asset - Johnstone Supply
  • Strong Site Fundamentals – 39,081 SF Building on 1.55 Acre Site
  • 22’ to 25’ Clear Height – 2 Loading Areas (5 Dock High plus Drive-in Doors)
  • Property Available for Owner/User after 3 Year Lease-back
  • Building Specification: 3,000 SF Office & 36,081 SF Warehouse
  • Easy Access to Major Transportation Arteries – Hwy 169 (137,500+ VPD) & East 61st St S (31,500+ VPD)

Executive Summary

Brian Frere with KW Commercial is pleased to offer an opportunity to acquire a single tenant industrial asset in Tulsa, OK. Upon closing, the current owner will sign a 3 year NNN lease-back based upon the current market lease value providing a 7.44% Cap Rate.
The 39,081 SF building sits on a 1.55 acre site positioned between East 51st Street and East 61st Street and provides great access to Highway 169 and Highway 51 which have traffic counts of over 137,500 VPD and 116,000 VPD respectively. Within the rapidly growing Tulsa Industrial Market this is ideal for a 1031 exchange asset, an investor seeking a low-management NNN asset or a growing company with future user space requirements.
The building consists of 3,000 SF of office / showroom space and 36,081 SF of warehouse area with 20’ to 25’ clear height and multiple loading areas featuring a total of 5 dock-high doors and two drive-in doors. 3 Phase 400 Amp 240 Volt power.
This is a rare opportunity to acquire an Absolute NNN industrial asset, zero landlord responsibilities, and strong site fundamentals.

Property Facts

Price $4,200,000
Price Per SF $105
Sale Type Investment NNN
Cap Rate 7.44%
Sale Conditions Sale Leaseback
Property Type Industrial
Property Subtype
Warehouse
  • Industrial Distribution
  • Industrial Manufacturing
Building Class B
Lot Size 1.55 AC
Rentable Building Area 40,000 SF
No. Stories 1
Year Built/Renovated 1976/2022
Tenancy Single
Parking Ratio 0.63/1,000 SF
Clear Ceiling Height 22 FT
No. Dock-High Doors/Loading 5
No. Drive In / Grade-Level Doors 2

Amenities

  • 24 Hour Access
  • Conferencing Facility
  • Floor Drains
  • Front Loading
  • Security System
  • Wheelchair Accessible
  • Accent Lighting
  • Reception
  • Common Parts WC Facilities
  • Air Conditioning
  • Smoke Detector

Utilities

  • Lighting
  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Ma Temple Investments Llc
  • Wholesaler
  • 40,000 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Ma Temple Investments Llc Wholesaler 40,000 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 77505-94-31-45760
  • 77505-94-31-46280
Land Assessment
$22,231
Improvements Assessment
$219,769
Total Assessment
$242,000

zoning

Zoning Code IL (Industrial)
IL (Industrial)
  • Listing ID: 31845518

  • Date on Market: 5/17/2024

  • Last Updated:

  • Address: 5440 S 101st East Ave, Tulsa, OK 74146

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