5524 E 12th St
Tulsa, OK 74112

• Unit Size: 72,428 SF
• Condo Use: Industrial
• Price: $4,495,000 USD
• Sale Type: Investment
• Price/SF: $62.06 USD

Description

The offering consists of a single tenant 72,428 SF industrial masonry warehouse, renovated in 2017.  The property is conveniently located 6 miles from Tulsa International Airport, just 5 miles from Downtown Tulsa and less than a mile from the Tulsa State Fairgrounds.  The current tenant is one of the largest furniture retailers in the state of Oklahoma and family owned for almost 50 years.  This property is critical and serves as a distribution center to its numerous retail locations from OKC and Enid to Tulsa.  The tenant is in a 10 yr lease with 8 ½ years remaining and 2% annual escalation increases YOY throughout the lease.  This investment boasts a great opportunity for a secure investment with value add in the future in a rapidly growing market.

Sale Notes

•	Strong Regional Tenant
•	10 Yr  NNN Lease with 8 ½ Yrs Remaining
•	2% Annual Rent Escalations
•	CAP Rate
        6.54% Currently
        7.1% Average Over Term
        7.7% On Last Year of Term



The offering consists of a single tenant 72,428 SF industrial masonry warehouse, renovated in 2017.  The property is conveniently located 6 miles from Tulsa International Airport, just 5 miles from Downtown Tulsa and less than a mile from the Tulsa State Fairgrounds.  The current tenant is one of the largest furniture retailers in the state of Oklahoma and family owned for almost 50 years.  This property is critical and serves as a distribution center to its numerous retail locations from OKC and Enid to Tulsa.  The tenant is in a 10 yr lease with 8 ½ years remaining and 2% annual escalation increases YOY throughout the lease.  This investment boasts a great opportunity for a secure investment with value add in the future in a rapidly growing market.