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Towne South Plaza 500 W I-240 Service Rd 17,080 SF 83% Leased Retail Building Oklahoma City, OK 73139 $4,982,652 CAD ($291.72 CAD/SF) 7.59% Cap Rate
Investment Highlights
- Highly visible
- Well maintained
- easy access to Interstate
Executive Summary
Towne South Plaza is a neighborhood center with Sam's Optical, Hair Rage, and Bella Style as its major tenants. Other tenants in the same development, but not included, are Chuck E. Cheese and Holiday Inn. The center contains approximately 17,080 square feet of rentable retail space in one single-level structure. A 3,100 SF suite with existing dental build-out is currently available, reducing upfit costs for medical, dental, or similar users. With direct interstate visibility off I-240 and over 100,000 vehicles per day on the corridor, the property sits in one of south Oklahoma City's strongest retail nodes.
Direct I-240 visibility and access
100,000+ VPD on I-240
3,100 SF available with dental build-out in place
Part of a larger retail and hospitality development
Direct I-240 visibility and access
100,000+ VPD on I-240
3,100 SF available with dental build-out in place
Part of a larger retail and hospitality development
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
17,080 SF
Building Class
B
Year Built
2006
Price
$4,982,652 CAD
Price Per SF
$291.72 CAD
Cap Rate
7.59%
NOI
$378,342 CAD
Percent Leased
83%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.18 AC
Zoning
C-3
Parking
128 Spaces (7.49 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $145,967 CAD | |
| Land Assessment | $115,753 CAD | Total Assessment | $261,720 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$115,753 CAD
Improvements Assessment
$145,967 CAD
Total Assessment
$261,720 CAD
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Towne South Plaza | 500 W I-240 Service Rd
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