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2650 Shull Ave 25,605 SF Industrial Building Oklahoma City, OK 73111 $8,206,200 CAD ($320.49 CAD/SF) 7.22% Cap Rate
Investment Highlights
- Leased to Kraft Tank Corporation thru 5/18/2036
- $432,912 NOI
- (1) 5-year renewal option
Executive Summary
Newmark Robinson Park is pleased to present the opportunity to purchase this 100% occupied warehouse located at 2650 Shull Avenue, Oklahoma City, OK. The property, which features frontage along I-35, was built in 2020 for Kraft Tank Corporation for the sales, distribution, servicing and leasing of tank trailers and vehicles. Kraft Tank Corporation was founded in 1949 and provides trailer sales, leasing, parts and service with locations in Kansas City, Oklahoma City, Dallas and Odessa, Texas. They have been a tenant in the building since 2021.
Property Facts
| Price | $8,206,200 CAD | Lot Size | 6.00 AC |
| Price Per SF | $320.49 CAD | Rentable Building Area | 25,605 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.22% | Year Built | 2020 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 14 |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | PUD | ||
| Price | $8,206,200 CAD |
| Price Per SF | $320.49 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.22% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 6.00 AC |
| Rentable Building Area | 25,605 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 14 |
| Opportunity Zone |
Yes |
| Zoning | PUD |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 039891000 | Improvements Assessment | $286,331 CAD |
| Land Assessment | $64,687 CAD | Total Assessment | $351,018 CAD |
Property Taxes
Parcel Number
039891000
Land Assessment
$64,687 CAD
Improvements Assessment
$286,331 CAD
Total Assessment
$351,018 CAD
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2650 Shull Ave
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