INDUSTRIAL FACILITY FOR LEASE

Transcription

1 INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE MIDWEST CITY, OK Andrew Hwang, Esq Advisor SVN Land Run Commercial 114 NW 6th Street, Suite 206, Oklahoma City, OK LEASE BROCHURE

2 Executive Summary OFFERING SUMMARY Lease Rate: $ SF/yr (NNN) PROPERTY OVERVIEW This manufacturing facility is comprised of nearly 16,000 sf of office and 87,000 sf of warehouse/manufacturing space and sits on acres. It is located within 2 miles of I-40 and Tinker Air Force Base. Recent renovations include: roofing, guttering, parking lots, exterior paint, landscaping, and demolition in the warehouse. Lot Size: Acres Building Size: 103,222 SF Renovated: 2017 Zoning: I-2 PROPERTY HIGHLIGHTS Below market rent Surplus land can be used expansion and/or outdoor storage Less than 2 miles from Tinker Air Force Base Easy access to I-40 and I-35 20' ceilings 250+/- parking spaces Fenced lot INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 2

3 Property Details & Highlights Property Name: Industrial Facility For Lease Property Address: 1720 National Drive, Midwest City, OK Property Type: Industrial/Manufacturing APN: Lot Size: Building Total Size: Office Size: Warehouse Size: AC 103,222 SF 15,790 SF 87,432 SF Zoning: I-2 Year Built: 1969 Number of Stories: 1 Construction Type: Steel/Masonry Power: 3 Phase 6,000+ amp Parking Spaces: 250+/ RECENT RENOVATIONS Exterior paint Newly surfaced and striped asphalt Landscaping Guttering Roofing Warehouse demolition INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 3

4 Available Spaces LEASE RATE: $ $8.50 SF/YR TOTAL SPACE: 15, ,222 SF LEASE TYPE: NNN LEASE TERM: months SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS Zone 1 - Office Office $ $8.50 SF/yr NNN 15,790 SF months Zone 2 - Warehouse Manufacturing $ $3.50 SF/yr NNN 43,807 SF months Zone 3 - Warehouse Manufacturing $ $3.50 SF/yr NNN 23,991 SF months Zone 4 - Warehouse Manufacturing $ $3.50 SF/yr NNN 19,634 SF months INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 4

5 Location Maps INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 5

6 Aerial Map Industrial Facility For Lease INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 6

7 Demographics Map POPULATION 1 MILE 3 MILES 5 MILES Total population 6,272 55, ,990 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES Total households 2,706 23,124 44,097 # of persons per HH Average HH income $52,054 $50,666 $51,752 Average house value $146,622 $111,290 $98,944 * Demographic data derived from 2010 US Census INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 7

8 Retailer Map INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 8

9 Floor Plans INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 9

10 Floor Plans INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 10

11 Site Plan INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 11

12 Office Renderings INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE MIDWEST CITY, OK SVN Land Run Commercial Page 12

13 Office Renderings INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE MIDWEST CITY, OK SVN Land Run Commercial Page 13

14 Office Renderings INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE MIDWEST CITY, OK SVN Land Run Commercial Page 14

15 Lease Comparables 1 105,292 SF Industrial Lease Signed Jun 2017 for $4.50 Triple Net (Asking) 4000 NW 39th St - 1st Floor Direct Oklahoma City, OK West Ind Submarket Asking Rent: $4.50/NNN Start Date: Dec 2017 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: Escalations: On Market: 3 Mos Building Area: 152,092 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov: 1960/ Office Area: Dock/Drive In: Parking Ratio: 1.67/1,000 SF Leasing Rep: Tenant Rep: Caliber Property Group - Robin O'Grady Landlord: Tenant SIC: Richard C Labarthe Lease Notes: ID# ,100 SF Industrial Lease Signed Apr 2017 for $4.50 Triple Net (Asking) 4680 NW 3rd St - 1st Floor Direct, Leased by Pratt Corrugated Holdings, Inc Oklahoma City, OK West Ind Submarket Asking Rent: $4.00-$4.50/NNN Start Date: May 2017 Free Rent: Deal Type: New Lease Property Type: Industrial Class C Starting Rent: Term: Escalations: On Market: 1 Mo Building Area: 151,200 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov: 1974/ Office Area: Dock/Drive In: Parking Ratio: 0.23/1,000 SF Leasing Rep: Tenant Rep: Newmark Grubb Levy Strange Beffort - Brett Price, CCIM, SIOR, Kris Davis, SIOR Landlord: Tenant SIC: Merit Realcorp Lease Notes: ID# ,400 SF Industrial Lease Signed Oct 2016 for $3.00 Triple Net (Asking) 3312 S I 35 Service Rd - 1st Floor Direct, Leased by AAR Corp. Oklahoma City, OK Southeast Ind Submarket Asking Rent: $3.00/NNN Start Date: Oct 2016 Free Rent: Deal Type: New Lease Property Type: Industrial Class A Starting Rent: Term: Escalations: On Market: 4 Mos Building Area: 300,000 SF Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov: 2015/ Office Area: 7,000 SF Dock/Drive In: Parking Ratio: Leasing Rep: Tenant Rep: Newmark Grubb Levy Strange Beffort - Kris Davis, SIOR, Brett Price, CCIM, SIOR Landlord: Tenant SIC: W Harvey Sparkman Llc Aircraft Parts And Equip Lease Notes: ID# Copyrighted report licensed to SVN Land Run Commerical Page 1 Page 1

16 Advisor Bio & Contact ANDREW HWANG, ESQ Advisor PROFESSIONAL BACKGROUND Andrew Hwang is an Investment Property Advisor with SVN Land Run and an Of Counsel Real Estate Attorney with Riggs, Abney, Neal, Turpen, Orbison & Lewis. He is a member of the Oklahoma Bar Association, Urban Land Institute, Commercial Real Estate Council, International Council of Shopping Centers. and serves as the President of the University of Michigan-OKC Alumni Association. Andrew received his Bachelor of Arts in Economics at the University of Michigan-Ann Arbor and his Juris Doctor at the University of Oklahoma College of Law. EDUCATION University of Oklahoma College of Law, Juris Doctor University of Michigan-Ann Arbor, BA Economics MEMBERSHIPS & AFFILIATIONS 114 NW 6th Street, Suite 206 Oklahoma City, OK T C andrew.hwang@svn.com OK # Oklahoma Bar Association Urban Land Institute Commercial Real Estate Council International Council of Shopping Center The Mentoring Project - Mentor Awesome Foundation - Trustee University of Michigan OKC Alumni Association - President University of Michigan OKC Scholarship Committee - Chairman INDUSTRIAL FACILITY FOR LEASE 1720 NATIONAL DRIVE, MIDWEST CITY, OK SVN Land Run Commercial Page 16