6009 NW Expressway St - Northwest Events Center
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6009 NW Expressway St - Northwest Events Center
31,620 SF Specialty Building Offered at $2,850,000 at a 7.23% Cap Rate in Oklahoma City, OK 73132
Investment Highlights
- Located on busiest non interstate road in Oklahoma City
- Multi-use building with large commercial child care, operating Church and Wedding and Event Center.
- Includes sale of Northwest Event Center business and furnishings. Much upside potential in event center business.
- Large parking lot re-surfaced 2023
- Fully leased with rent increases each year and mutual options.
- Current owner will continue to operate event center and assist in training at new owners request
Executive Summary
Prime Commercial Investment Opportunity in Oklahoma City
This expansive property at 6009 NW Expressway offers a unique investment in a well-established and versatile space, deeply integrated into the community. The event center spans approximately 12,000 sq ft, accommodating up to 525 guests, making it perfect for a wide range of uses such as weddings, church services, community gatherings, Sweet 16 parties, and more. With ample parking and convenient access to both I-40 and I-44, this location ensures ease of transportation and visibility.
In addition to the event center, the property includes an operating daycare and learning center, also approximately 12,000 sq ft. The daycare is currently under lease through 2025, with mutual options to renew, providing a steady stream of income for the future.
This multi-use facility offers significant potential for investors looking to tap into an established, income-generating property in a prime location.
Includes church and event center furnishings 200 church style chairs, 250 event type chairs, about 35 round tables, about 15 8" rectangle tables, 2 6" rectangle tables, and misc desks and decorations. Conference room includes conference table with 8 chairs.
This expansive property at 6009 NW Expressway offers a unique investment in a well-established and versatile space, deeply integrated into the community. The event center spans approximately 12,000 sq ft, accommodating up to 525 guests, making it perfect for a wide range of uses such as weddings, church services, community gatherings, Sweet 16 parties, and more. With ample parking and convenient access to both I-40 and I-44, this location ensures ease of transportation and visibility.
In addition to the event center, the property includes an operating daycare and learning center, also approximately 12,000 sq ft. The daycare is currently under lease through 2025, with mutual options to renew, providing a steady stream of income for the future.
This multi-use facility offers significant potential for investors looking to tap into an established, income-generating property in a prime location.
Includes church and event center furnishings 200 church style chairs, 250 event type chairs, about 35 round tables, about 15 8" rectangle tables, 2 6" rectangle tables, and misc desks and decorations. Conference room includes conference table with 8 chairs.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$306,000
|
$9.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$306,000
|
$9.68
|
| Taxes |
$23,000
|
$0.73
|
| Operating Expenses |
$60,000
|
$1.90
|
| Total Expenses |
$83,000
|
$2.62
|
| Net Operating Income |
$223,000
|
$7.05
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $306,000 |
| Annual Per SF | $9.68 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $306,000 |
| Annual Per SF | $9.68 |
| Taxes | |
|---|---|
| Annual | $23,000 |
| Annual Per SF | $0.73 |
| Operating Expenses | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $1.90 |
| Total Expenses | |
|---|---|
| Annual | $83,000 |
| Annual Per SF | $2.62 |
| Net Operating Income | |
|---|---|
| Annual | $223,000 |
| Annual Per SF | $7.05 |
Property Facts
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 145201015 | Total Assessment | $208,841 |
| Land Assessment | $67,840 | Annual Taxes | $23,000 ($0.73/SF) |
| Improvements Assessment | $141,001 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
145201015
Land Assessment
$67,840
Improvements Assessment
$141,001
Total Assessment
$208,841
Annual Taxes
$23,000 ($0.73/SF)
Tax Year
2023
zoning
| Zoning Code | C-3 (Commercial) |
| C-3 (Commercial) |
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6009 NW Expressway St - Northwest Events Center
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