Mattsco Supply Company
97,204 SF | Industrial Building | Tulsa, OK 74116 | $8,410,015 ($87/SF) | 6.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,410,015
- Property Type
-
Industrial
- Price / Square Foot
- $87
Listing Contacts
Jeremy Foraker
Verified Profile
- Property Info
Property Overview
The Snyder Carlton National Net Lease Team is pleased to offer to investors, an opportunity to acquire a single tenant absolute NNN leased industrial asset in Tulsa, OK. Mattsco Supply Company recently signed a 12 year lease with 10 lease years remaining, one 10-year option period, and 2.25% annual rent increases throughout lease, and has occupied this location for over 11 years.
The 97,204 SF building on 10.51-acre parcel is positioned on N 161st E Avenue and provides great access to Interstate 44 (Historic Route 66) which sees over 77,700 VPD. Within the rapidly growing Tulsa Industrial Market (Population 780,000+) this is ideal for a 1031 exchange asset or an investor seeking years of inflation resistant cash flows with zero landlord responsibilities. Site fundamental comprise 18,000 SF office Area, 72,204 SF warehouse area, numerous grade level loading areas, two dock height loading areas, 20 to 25 FT clear heights, and over 5.5 Acres of outdoor storage/yard space.
This is a rare opportunity to acquire an Absolute NNN industrial Asset with annual rent increases, zero landlord responsibilities, and strong site fundamentals.
The 97,204 SF building on 10.51-acre parcel is positioned on N 161st E Avenue and provides great access to Interstate 44 (Historic Route 66) which sees over 77,700 VPD. Within the rapidly growing Tulsa Industrial Market (Population 780,000+) this is ideal for a 1031 exchange asset or an investor seeking years of inflation resistant cash flows with zero landlord responsibilities. Site fundamental comprise 18,000 SF office Area, 72,204 SF warehouse area, numerous grade level loading areas, two dock height loading areas, 20 to 25 FT clear heights, and over 5.5 Acres of outdoor storage/yard space.
This is a rare opportunity to acquire an Absolute NNN industrial Asset with annual rent increases, zero landlord responsibilities, and strong site fundamentals.
Property Details
- Class
- B
- Year Built
- 1996
- Stories
- 1
- Property Subtype
- Manufacturing
- Lot Size (sq. ft)
- 457,816 SF
Highlights
- Industrial (Warehouse/Distribution) - Absolute NNN Leased Asset - Mattsco Supply Company
- Long Term Tenant – Occupied Location for Over 11 Years
- 10 Years Remaining in Primary Term – One 10 Year Option - 2.25% Annual Rent Increases
- Strong Site Fundamentals – 97,204 SF Building on 10.51 Acre Parcel
- Building Specification: 18,000 SF Office & 72,204 SF Warehouse - 20 to 25 FT Clear Heights – Numerous Grade Level Loading Areas & 2 Dock
- Easy Access to Major Transportation Arteries – N 161st E Avenue & Interstate 44 (77,700+ VPD)
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