115,520 SqFt
115,520 SqFt
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
Square Footage 115,520 sqft
Price per Sqft $25
MLS Listing ID 2639905
HOA Y/N No
Total Fin. Sqft 115520
Year Built 1970
Annual Tax Amount $8,983
Tax Year 2025
Lot Size 12.420 Acres
Acres 12.42
Property Sub-Type Industrial
Property Description
Seller-reported rental income totals $45,000 per month, consisting of $25,000 in base rent and $20,000 in expansion rent, equivalent to $540,000 annually at the current rental rate. The lease assigns responsibility for property taxes, insurance, utilities, maintenance, and repairs—including roof and structural repairs—to the tenant. Assuming no unreimbursed landlord operating expenses, annualized net operating income would be approximately $540,000, representing an estimated 18.0% capitalization rate at the asking price. Actual NOI and capitalization rate remain subject to verification of rental collections, applicable credits, and owner expenses.
Built in 1970, the single-story facility features a brick exterior, concrete flooring, exposed steel roof framing, and substantial interior floor areas. The seller reports thick concrete walls and extensive insulation. Paved areas surrounding the building provide exterior access and on-site circulation, while portions of the acreage retain established trees and open lawn.
The lease documents provided outline an initial term through December 31, 2028, with one additional three-year renewal option, subject to the lease's conditions and confirmation of the executed agreement. The offering provides investors an opportunity to acquire a sizable industrial asset with existing rental income and potential continued occupancy through renewal.
Location
State OK
County Pittsburg
Community Sidewalks
Interior
Interior Features High Speed Internet, Other
Heating Electric, Other
Cooling 3+ Units
Fireplace No
Heat Source Electric, Other
Exterior
Exterior Feature Other
Fence None
Community Features Sidewalks
Utilities Available Electricity Available, Water Available
Water Access Desc Public
Roof Type Metal
Building
Building Description Concrete, Dumpster
Story 1
Entry Level One
Foundation Slab
Lot Size Range 12.42
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Concrete
Schools
School District Hartshorne - Sch Dist (E8)
Others
Tax ID 1560-00-000-013-0-013-00
Security Features Security System Owned,Smoke Detector(s)
Green/Energy Cert Other
Nearby Locations
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