The Braden 1007 E Admiral Blvd 106,000 SF 100% Leased Industrial Building Tulsa, OK 74120 $8,633,820 CAD ($81.45 CAD/SF) 8.91% Cap Rate
INVESTMENT HIGHLIGHTS
- Full Occupancy by Two Tenants
- Property Freshly Renovated In 2024
- Attractive Cap Rate
EXECUTIVE SUMMARY
The Tashakorian Group at Marcus & Millichap proudly offers an exceptional investment opportunity on 1007 E Admiral Blvd in Tulsa, Oklahoma—a unique chance to own an industrial site prominently located on the I-244 with visibility f rom highway 75 North.
The building is a 106,000 square foot industrial facility on a 4.72-acre site. Built in 1930 and extensively updated in 2024, this property includes a new roof over the manufacturing space and an updated exterior. It features several advantageous amenities: Multiple Drive-in doors, Two Dock doors with levelers, a 21-foot ceiling clearance in the manufacturing area, a robust 3-Phase, 3000-Amp electrical service, 12 Bridge Cranes with a 12-foot hook height, and ample parking for over 250 vehicles. It's zoned IM (Industrial Medium) in Tulsa County and is within an Opportunity Zone. The current owners are proposing a 5-year sale-leaseback for 67,412 SF of the space, with the remaining 38,588 SF leased to Ventaire, a manufacturer of prefabricated homes and pharmacies.
This investment is ideal for an investor looking to add an income producing property to their portfolio within Tulsa's strong industrial market.
The building is a 106,000 square foot industrial facility on a 4.72-acre site. Built in 1930 and extensively updated in 2024, this property includes a new roof over the manufacturing space and an updated exterior. It features several advantageous amenities: Multiple Drive-in doors, Two Dock doors with levelers, a 21-foot ceiling clearance in the manufacturing area, a robust 3-Phase, 3000-Amp electrical service, 12 Bridge Cranes with a 12-foot hook height, and ample parking for over 250 vehicles. It's zoned IM (Industrial Medium) in Tulsa County and is within an Opportunity Zone. The current owners are proposing a 5-year sale-leaseback for 67,412 SF of the space, with the remaining 38,588 SF leased to Ventaire, a manufacturer of prefabricated homes and pharmacies.
This investment is ideal for an investor looking to add an income producing property to their portfolio within Tulsa's strong industrial market.
PROPERTY FACTS
| Price | $8,633,820 CAD |
| Price Per SF | $81.45 CAD |
| Sale Type | Investment |
| Cap Rate | 8.91% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.72 AC |
| Rentable Building Area | 106,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1930/2023 |
| Parking Ratio | 0.4/1,000 SF |
| Clear Ceiling Height | 21’ |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 10 |
| Opportunity Zone |
Yes |
AMENITIES
- Bus Line
- Fenced Lot
- Signage
UTILITIES
- Gas
1 of 1
PROPERTY TAXES
| Parcel Number | 03325-92-01-00210 | Improvements Assessment | $406,624 CAD |
| Land Assessment | $97,560 CAD | Total Assessment | $504,184 CAD |
ZONING
| Zoning Code | IM (Industrial Medium) |
