Bought with Dusty Burchfield
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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Investment
Listing Status Sold
Purchase Type For Sale
Square Footage 20,904 sqft
Price per Sqft $47
MLS Listing ID OKC940551
Sold Date 11/05/21
Year Built 1982
Annual Tax Amount $7,794
Lot Size 6.294 Acres
Property Sub-Type Investment
Property Description
10th Street Storage is a great opportunity to purchase a 320 space RV/ Boat storage facility 3/4 of a mile north of I-40 on Mustang road. Complex is made up of 64 indoor boat storage slots and approximately 256 10'x35' outdoor storage spaces and 14 - 14x50 pull though spaces. The subject property has a large amount of upside in increased rents and adding additional indoor storage that is currently in high demand. Owner has a site plan adding an additional 150 12x40 covered units to the site, Phase one and Alta Survey as well. Current Cap rate is based off of 100% Occupancy. Current Occupancy is approximately 81% and is increasing on a daily basis as new tenants are added. Stated gross income of the subject property fully leased is $130,680. This is a great opportunity to have immediate income while building additional indoor units and increasing rents.
Listing agent is owner. Tenant portal is managed by StorEdge Software.
Location
State OK
County Canadian
Zoning Industrial
Interior
Fireplace N
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