INDUSTRIAL FACILITY FOR LEASE - LoopNet · 2017-10-23 · Office Area: Dock/Drive In: Parking...

SVN | Land Run Commercial | 114 NW 6th Street, Suite 206, Oklahoma City, OK 73102 LEASE BROCHURE

INDUSTRIALFACILITY FORLEASE1720 NATIONAL DRIVEMIDWEST CITY, OK 73110

Andrew Hwang, [email protected]

OFFERING SUMMARY

Lease Rate: $2.25 - 8.50 SF/yr

(NNN)

Lot Size: 14.52 Acres

Building Size: 103,222 SF

Renovated: 2017

Zoning: I-2

This manufacturing facility is comprised of nearly 16,000 sf of office and 87,000 sf of warehouse/manufacturing spaceand sits on 14.52 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.

PROPERTY OVERVIEW

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 73110 SVN | Land Run Commercial |

Executive Summary


2017 RECENT RENOVATIONS

• Exterior paint

• Newly surfaced and striped asphalt

• Landscaping

• Guttering

• Roofing

• Warehouse demolition

Property Name: Industrial Facility For Lease

Property Address: 1720 National Drive, Midwest City, OK 73110

Property Type: Industrial/Manufacturing

APN: 150359000

Lot Size: 14.52 AC

Building Total Size: 103,222 SF

Office Size: 15,790 SF

Warehouse Size: 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+/-

Property Details & Highlights


LEASE RATE: $2.25 - $8.50 SF/YR TOTAL SPACE: 15,790 - 103,222 SF

LEASE TYPE: NNN LEASE TERM: 36 - 120 months

SPACE SPACE USE LEASE RATE LEASE TYPE SIZE (SF) TERM COMMENTS

Zone 1 - Office Office $2.25 - $8.50 SF/yr NNN 15,790 SF 36-120 months

Zone 2 - Warehouse Manufacturing $2.25 - $3.50 SF/yr NNN 43,807 SF 36-120 months



Available Spaces

Location Maps


Industrial Facility For Lease


Aerial Map


POPULATION 1 MILE 3 MILES 5 MILES

Total population 6,272 55,514 108,990

Median age 35.5 34.9 35.0

Median age (male) 33.5 33.5 33.8

Median age (Female) 38.5 36.5 36.2

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 2,706 23,124 44,097

# of persons per HH 2.3 2.4 2.5

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

Demographics Map


Retailer Map


Floor Plans


Site Plan

INDUSTRIAL FACILITY FOR LEASE | 1720 NATIONAL DRIVE MIDWEST CITY, OK 73110 SVN | Land Run Commercial |

Office Renderings

Oklahoma City, OK 73112 - West Ind Submarket

105,292 SF Industrial Lease Signed Jun 2017 for $4.50 Triple Net (Asking)

4000 NW 39th St - 1st Floor Direct

1

Asking Rent: Start Date: Free Rent: Deal Type: Property Type:

Starting Rent: Term: Escalations: On Market: Building Area:

Effective Rent: Exp. Date: TI Allowance: Build-Out: Built/Renov:

Leasing Rep: Landlord:

Tenant Rep: Tenant SIC:

Lease Notes:

$4.50/NNN Dec 2017 New Lease Industrial Class C

3 Mos 152,092 SF

1960/

Caliber Property Group - Robin O'Grady Richard C Labarthe

ID# 130630271

Office Area: Dock/Drive In: Parking Ratio: 1.67/1,000 SF

Oklahoma City, OK 73127 - West Ind Submarket

107,100 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

2






Lease Notes:

$4.00-$4.50/NNN May 2017 New Lease Industrial Class C

1 Mo 151,200 SF

1974/

Newmark Grubb Levy Strange Beffort - Brett Price, CCIM, SIOR, Kris Davis, SIOR Merit Realcorp

ID# 129369861

Office Area: Dock/Drive In: Parking Ratio: 0.23/1,000 SF

Oklahoma City, OK 73129 - Southeast Ind Submarket

131,400 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.

3






Lease Notes:

$3.00/NNN Oct 2016 New Lease Industrial Class A

4 Mos 300,000 SF

2015/

Newmark Grubb Levy Strange Beffort - Kris Davis, SIOR, Brett Price, CCIM, SIOR W Harvey Sparkman Llc

Aircraft Parts And Equip

ID# 126339241

Office Area: 7,000 SF Dock/Drive In: Parking Ratio:

Lease Comparables

Copyrighted report licensed to SVN Land Run Commerical - 687452.Page 1Page 1

114 NW 6th Street, Suite 206Oklahoma City, OK 73102T 405.772.7255C [email protected] #170740

PROFESSIONAL BACKGROUND

Andrew Hwang is an Investment Property Advisor with SVN Land Run and an Of Counsel Real Estate Attorney withRiggs, Abney, Neal, Turpen, Orbison & Lewis.

He is a member of the Oklahoma Bar Association, Urban Land Institute, Commercial Real Estate Council, InternationalCouncil 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 theUniversity of Oklahoma College of Law.

EDUCATION

University of Oklahoma College of Law, Juris DoctorUniversity of Michigan-Ann Arbor, BA Economics

MEMBERSHIPS & AFFILIATIONS

Oklahoma Bar AssociationUrban Land InstituteCommercial Real Estate CouncilInternational Council of Shopping CenterThe Mentoring Project - MentorAwesome Foundation - TrusteeUniversity of Michigan OKC Alumni Association - PresidentUniversity of Michigan OKC Scholarship Committee - Chairman

ANDREW HWANG, ESQ

Advisor


Advisor Bio & Contact

INDUSTRIAL FACILITY FOR LEASE - LoopNet · 2017-10-23 · Office Area: Dock/Drive In: Parking...

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