Mixed Use Portfolio

The property is an existing three-building office-warehouse complex comprising 15,000 SF. Each building comprises 5,000 SF and features 10% office buildout, 12’ clear heights, and one 12’x10’ grade level door. Some of these features are already in place, while others, such as the grade-level doors, will be added after the renovations described later in this paragraph. Additionally, the property features a three-bedroom, two-bathroom manufactured home comprising 1,440 SF. This is an ancillary structure whose
contributory value is estimated separately from the primary office-warehouse improvements. Site improvements include fencing and concrete paving. The total site comprises 28.92 acres or 1,259,755 SF. The property was previously used as a fully functional marijuana cultivation facility, featuring 100% dropped ceilings, partitioned grow rooms, and pedestrian doors (no grade-level roll doors). It has since been seized by the Oklahoma Bureau of Narcotics. The valuation analysis herein considers the cost of removing the specialized grow infrastructure and converting the property into a multi-building office-warehouse complex by eliminating the dropped ceilings, removing the partitioned walls, and adding grade-level doors
Parcel is listed as an Office-Warehouse (Industrial)
Land area is 28.92 Acres