INDUSTRIAL WAREHOUSE WITH COOLER & FREEZER 724 S. AIR …€¦ · Myriad Botanical Gardens, the...

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INDUSTRIAL WAREHOUSE WITH COOLER & FREEZER

MORE INFORMATION AVAILABLE ONLINE:

724 S. AIR DEPOT & 337 BIZZELL AVE.724 S. Air Depot & 337 Bizzell Ave., Midwest City, OK

www.ngkfok.com

BRETT PRICE, CCIM, SIORSenior Vice PresidentT 405.606.7153C [email protected]

KRIS DAVIS, SIORVice PresidentT 405.286.6153C [email protected]

All materials and information received or derived from Newmark Grubb Levy Strange Beffort its directors, officers, agents, advisors,affiliates and/or any third party sources are provided without representation or warranty as to completeness , veracity, or accuracy,condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability,financial performance of the property, projected financial performance of the property for any party’s intended use or any and all othermatters.

Neither Newmark Grubb Levy Strange Beffort its directors, officers, agents, advisors, or affiliates makes any representation or warranty,express or implied, as to accuracy or completeness of the any materials or information provided, derived, or received. Materials andinformation from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conductof its own due diligence to determine these and other matters of significance to such party. Newmark Grubb Levy Strange Beffort will notinvestigate or verify any such matters or conduct due diligence for a party unless otherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their owninspections and investigations including through appropriate third party independent professionals selected by such party. All financialdata should be verified by the party including by obtaining and reading applicable documents and reports and consulting appropriateindependent professionals. Newmark Grubb Levy Strange Beffort makes no warranties and/or representations regarding the veracity,completeness, or relevance of any financial data or assumptions. Newmark Grubb Levy Strange Beffort does not serve as a financialadvisor to any party regarding any proposed transaction. All data and assumptions regarding financial performance, including that usedfor financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/or projected rents thatmay be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate anyapplicable contractual and governmental limitations as well as market conditions,vacancy factors and other issues in order to determinerents from or for the property.

Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certified publicaccountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney. Questions regarding thecondition of the property and whether the property complies with applicable governmental requirements should be discussed by the partywith appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services aremarketed by Newmark Grubb Levy Strange Beffort in compliance with all applicable fair housing and equal opportunity laws.


CONFIDENTIALITY/DISCLAIMER


TULSA OFFICE2021 S. Lewis, Suite 410Tulsa, OK 74104918-481-3200www.ngkfok.com

OKLAHOMA CITY204 N. Robinson, Suite 700Oklahoma City, OK 73102405-840-1500

PROPOSAL FOR COMMERCIAL SERVICES

724 S. AIR DEPOT & 337 BIZZELL AVE.

TULSA OFFICE2021 S. Lewis, Suite 410Tulsa, OK 74104918-481-3200

1. PROPERTY INFORMATION 4

Executive Summary 5

2. LOCATION INFORMATION 7

Regional Map 8

Location Maps 9

Aerial Maps 10

3. MARKET OVERVIEW 11

4. ADVISOR BIOS 23

Brett Price, CCIM, SIOR 24

Kris Davis, SIOR 25

TABLE OF CONTENTS

www.ngkfok.com

724 S. AIR DEPOT & 337 BIZZELL AVE., MIDWEST CITY, OK

OKLAHOMA CITY204 N. Robinson, Suite 700Oklahoma City, OK 73102405-840-1500


SECTION 1

PROPERTY INFORMATION


SECTION 1. PROPERTY INFORMATION

724 S. Air Depot & 337 Bizzell Ave., Midwest City, OK


Page 5

PROPERTY OVERVIEWThe property contains two buildings totaling 35,219 SF, which could be divided formultiple tenants. The building fronting on Bizzell could be converted back to office orretail. This is a very versatile property with visibility and access from both S Air Depotand Bizzell Ave., and located just two miles north of I-40 on S Air Depot Blvd.

PROPERTY HIGHLIGHTS• Building I (724 S Air Depot Blvd) - 29,219 SF dry storage• Building II (337 Bizzell Ave) - 6,000 SF freezer & cooler space• (1) Grade Door - 10' x 14'• (1) Dock High - 8' x 10'• (1) Lowboy Dock - 8' x 10' with leveler• For sale or lease

OFFERING SUMMARY

Sale Price: $995,000

Building Size: 35,219 SF

Price / SF: $28.25

Lot Size: 1.49 Acres

Year Built: 1980

Zoning: C-3

Market: Midwest City

SECTION 1. PROPERTY INFORMATION



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SECTION 2

LOCATION INFORMATION


Page 8

SECTION 2. LOCATION INFORMATION



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Page 10





SECTION 3

MARKET OVERVIEW


Market OverviewWith a population of approximately 600,000, Oklahoma City is a sprawling state capital encompassing more than 620 square miles—making it the country’s third-largest city in terms of area. The City of Oklahoma City, or OKC, is the seat of Oklahoma County and is one of the larger cities in the Great Plains region, as well as the nation’s 29th largest city in terms of population.

The Greater Oklahoma City Metro Area is comprised of 10 counties and more than 1.3 million people. The area boasts varied terrain, abundant recreation, and a plethora of arts and entertainment venues. The city is often described as an easy-going patchwork of cosmopolitan and country. Thanks to a recent citywide revitalization effort, downtown Oklahoma City now boasts the nation’s premier minor-league ballpark—the Chickasaw Bricktown Ballpark, and the navigable Bricktown Canal that flows beside choice restaurants, shops, and cafes in the his-toric entertainment district. The Bricktown Entertainment District is the fastest-grow-ing entertainment district in the region and one of the most popular destinations in the state. Bricktown is home to dozens of restaurants, dance clubs, live music venues, upscale retail shops and offices.

Downtown OKC is also home to the Myriad Botanical Gardens, the Oklahoma City National Memorial, and the OKC Museum of Art. The downtown area is fur-ther benefiting from Devon Energy’s new $750 million headquarters tower, com-pleted in early 2012, bringing nearly 2,200 employees and contractors to the area. In addition, in 2009, voters approved a $777 million initiative that will bring a new urban park, convention center, streetcar line, and other projects to the city, generating an estimated 25,000 new jobs.

The overwhelming popularity of the NBA Thunder has also had a tremendous impact on economic development. City officials estimate the team’s economic impact at $1.5 million per game and over $64 million per season. The figure is sometimes criticized as too low since it does not include employment at the arena, restaurants and hotels that can be attributed to the games. It also does not calculate the impact of national and international positive coverage for the city.

In January 2015, the city’s unemployment rate was 3.8% - the second lowest rate among the nation’s 49 largest MSAs. Oklahoma City regularly posts among the lowest unemployment rates for large metro areas.

“Since 1999, the number of Californians departing the Golden State

for Oklahoma has outnumbered those going the opposite direction

by more than 21,000… The influx of Californians is a sign of Oklahoma’s

growing economic prowess.” USA Today

Oklahoma City has earned a number of recent accolades for its economic strength and quality of life, including:

Simple Moving Labor, March 2015OKC ranked No. 4 on the “Best City to Move to in 2015”

Brookings, March 2015No. 7 in the U.S. for economic growth

Forbes, 2015OKC made “America’s Fastest-Growing Cities 2015” list

US Bureau of Economic Analysis, June 2015One of the top-five-fastest growing economies in the nation

The City Observatory, April 2015OKC’s downtown had the 3rd-highest rate of employment growth out of the 41 largest metros in the U.S.

USA Today, April 2015Number 3 for “Best Cities for Millennials”

WalletHub, April 2015OKC ranked number three out of the 350 largest metros for “Most Diversified Economy”

Brookings, March 2015Brookings recently analyzed 300 of the largest metros in the world and found that Greater OKC ranks No. 7 in the U.S. for economic growth

Demographia, March 2015OKC ranked No. 13 for most affordable hous-ing market among nine countries reviewed

Standard & Poor’s/Moody, February 2015OKC’s has received AAA rating for five straight years

Forbes, January 2015With a population growth rate of 1.2 percent, Oklahoma City made “America’s Fastest-Growing Cities 2015” list

WalletHub, January 2015Oklahoma City made the top 10 “Best Cities for Job Market for 2015” list of 150 biggest cities in the U.S. reviewed

SECTION 3. MARKET OVERVIEW



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PopulationOklahoma City has seen immense growth over the past decade. As of 2014, Oklahoma City Metro area’s population is 1.3 million people. Its population has grown by more than 6% (double the national average) since the 2010 Census and was ranked in the top 10 fastest growing cities by CNN Money in 2014. Moody’s Analytics forecasts that OKC’s population growth will grow by 1.2% annually in the next five years and surpass 1.4 million by 2018. Oklahoma City’s median age is 35.3 years, with more than 23% of residents between the key renter demographic of 20 to 34 years of age.

Oklahoma City MSA Population

2,000,000

1,500,000

1,000,000

950,000

900,000

0 1990

2000

2010

2014

2018

971,0

42

1,095

,421

1,257

,888

1,336

,767

1,403

,200

Source: Moody’s Analytics, Precis Q4 2014

Cost of Living Index

0

50

100

150

200

250

Cost of Living

Total Employment by IndustryGovernment 20.5%Trade, Transportation and Utilities 17.7%Education and Health Services 14.5%Professional and Business Services 12.0% Leisure and Hospitality 11.3%Manufacturing 5.8%Financial Activities 5.8%Construction 4.5%Other 3.4%Natural Resources and Mining 3.3%Information 1.3%Source: Bureau of Labor Statistics, Current Employment Statistics, 2014 OKC MSA

Source: Cost of Living, C2ER 2-14 Q4




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Streetcar SystemAnother part of MAPS 3 will be a $130 million downtown streetcar system and a transit hub connecting buses, the streetcar, and rail lines. The streetcar system would run for about four miles from Northwest 13th Street to Reno Avenue and from Broadway to Robinson Avenues, with a two-mile extension. Estimated comple-tion: 2021.

PROJECT 180Funded by the tax increment financing district created for Devon Energy’s project, this $141 million project will upgrade streets, parks, sidewalks, and public places throughout the downtown area. Much of the work was completed in 2012 with the entire project slated for completion in 2015.

Downtown Oklahoma City and the Central Business District are in the midst of an economic revival - one of the largest in the nation. Downtown has attracted over $5 billion in public and private in-vestment since the original MAPS project. Since 2000, Downtown Oklahoma City has witnessed:

> Population increase of over 20%, with the daytime population within a three-mile radius swelling to nearly 200,000.

> Traffic counts exceeding 100,000 daily at I-35 and I-40.

> Property value increase 118% along with more than 900 mul-tifamily units currently under construction as of March 2014.

Of the numerous development and redevelopment projects oc-curring or completed throughout the City, the most significant ventures include:

MAPS 3 PROJECTSIn 2009, voters approved a MAPS 3 initiative that will use a penny sales tax to fund $777 million in additional projects through 2022. These projects are expected to create 25,000 new, permanent private-sector jobs. Officials hope that MAPS 3 will spur billions of dollars in private investments, as its predecessors did. Although final designs are still to be determined, major components of the latest MAPS program include the following:

New Convention Center

The $252 million convention center is expected to triple the eco-nomic impact of the existing Cox Convention Center. Annual eco-nomic impact of the new 470,000 square-foot center is estimated at $80 million, while a total of 1,100 jobs would be created by the site, up from the current 400. Estimated completion: 2018.

Downtown Park The $130 million, 70-acre urban park proposed as part of MAPS 3 will include a playground, walking/biking trails, athletic fields, amphitheaters, a dog park, restaurants, public art space, and gar-dens. The park will be bisected by the new I-40, with the sections linked by a pedestrian skybridge. Estimated completion: 2021.

Economic Development | New Construction




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OU HEALTH SCIENCES CENTERThe newly constructed Stephenson Cancer Center is a 210,000 square-foot building that is the largest public-private biosciences initiative in state history, and Oklahoma’s only comprehensive academic cancer center. The Cancer Center is nationally recog-nized as a leader in research and patient care.

BOEINGIn 2012, Boeing opened a new $40 million, 320,000 square-foot facility in Oklahoma City. In 2014, Boeing announced that it would relocate approximately 900 jobs to Oklahoma City as part of a company consolidation. The local aviation and aerospace indus-try directly and indirectly supports over 85,000 jobs and produces $7.3 billion in goods and services.

ARINCThis aerospace engineering firm is expanding, adding 115 jobs at Will Rogers World Airport by 2016. The project will add 300,000 square-feet of ramp space and 250,000 square-feet of hangar, warehouse shop and office space.

UNIVERSAL WELL SITE SOLUTIONSFormerly based in Colorado, this firm moved its operations to Oklahoma City in 2009. From 50 employees initially in Oklahoma City, the company expects to increase its workforce to 225 by 2014.

GENERAL ELECTRICGE has begun construction on a $110 million global energy re-search center in Oklahoma City. The firm has hired almost half of the planned 125 engineers and other scientists focused on solv-ing problems facing the oil and natural gas industry. The firm is officing in temporary offices in Downtown Oklahoma City until the center is completed mid-2016. GE recently held its 2015 Annual Shareholder’s Meeting in Oklahoma City and has announced it was an outstanding success.

OG&EA $100 million project encompassing two towers will be developed on the former Stage Center site. One tower will be the home of OG&E corporate headquarters while the second will consist of a luxury hotel and apartments. Estimated completion: 2017.

ALOFT HOTELA new $18 million Aloft hotel has been completed in downtown OKC; the 140-room hotel opened in April 2014.

OKLAHOMA AMERICAN INDIAN CULTURAL CENTERPhase two construction of the 250-acre, $135 million, American Indian Cultural Center and Museum at the southeast corner of I-40 and I-35 east of downtown is currently underway.

Economic Development | New Construction continued




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PAYCOMIn addition to the firm’s new 90,000 square-foot headquarters building, another $10.8 million development is under construction allowing the company to add nearly 700 new jobs over the next five years. The campus will also allow for future expansions.

OUTLET SHOPPES AT OKLAHOMA CITYIn 2011, Horizon Group opened a new $50 million, 348,000 square-foot factory outlet mall in western Oklahoma City, near Council Road and Interstate 40, creating 1,000 jobs and being fully leased. Due to its success, developers approved phase II, estimated at $1.4 million and 28,000 square feet. Phase II con-struction was completed in late 2012. New stores added in the expansion included Ann Taylor Loft, Columbia, Lucky Brand, Waterford Crystal, and Kenneth Cole. Plans for Phase III are under development.

499 W SHERIDANA new 27-story, 690,000 square-foot office tower is planned for downtown. Devon Energy has filled its 50-story, 1.9 million square-foot facility that was constructed in 2012 and has agreed to prelease some of the space in the new tower.

LINN ENERGYHouston based, Linn Energy is building a new $20 million office building in the Memorial Corridor.

HOBBY LOBBYThis firm is nearing completion on a 1 million-square-foot expan-sion of its OKC headquarters, adding new warehouse and office space. The expansion added new jobs, bringing the company’s total employee count to 2,500 locally.





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THE LIFTThe high-end $42 million, 329-unit apartment complex is the second largest housing development in Midtown. The mixed-use project will combine urban apartment living with commercial space.

TOP GOLFThe first location in the state, the 65,000 square-foot, golf-themed entertainment facility will feature a full-service restaurant, bars, 4,000 square-feet of private event space and a tiered driving range.

THE METROPOLITANAt 330 units, the Metropolitan is the largest single housing de-velopment announcement for Downtown Oklahoma City. The project will include a large parking garage and 8,000 square-feet of amenities.

MATHIS BROTHERSThe $16 million, 365,000 square-foot distribution center along I-40 will allow the furniture store to keep pace with its growth of several brands it operates in the area. The company eventually hopes to open seven stores in the Tulsa and Oklahoma City metro areas.

CABELA’SConstruction began in late 2014 on the first location in the state. 180 employees will work at the 80,000 square-foot store that will include a large mountain replica and wildlife displays.





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Economy | EmploymentOklahoma City’s economy is based on eight major industry clus-ters: aviation and aerospace; biosciences; energy; healthcare; technology/manufacturing; professional, business and financial services and distribution/warehousing.

“Over the past several years Oklahoma City has shown economic stability and diversification of its economy. Currently the energy sector accounts for approximately 3 percent of the Oklahoma City metro’s total employment, but 9 percent of its total earnings. The oil and gas industry is expected to undergo a restructuring in operational and financial activities that will involve some layoffs and downsizing. But the economic impact should be more about capital spending than the longer term employment fluctuations experienced by the region in the early 1980s...

Metro area unemployment rates are expected to tick up slightly in 2015, averaging 4.3 percent for the year...Industries closely tied to the state’s oil and gas industry are expected to be challenged in 2015 while industries more closely aligned with population and income gains are expected to benefit from the underlying long term trend growth... Employment is expected to return to 2014 levels in 2016 as prices improve.”

2015 Greater Oklahoma City Chamber Economic Forecast

“OKC’s economy will expand further in the short-run, just at a slower pace more in line with the state and nation. Job growth in the core industries of mining, manufacturing and services will remain strong at least through next year, but risks are weighted to the downside because of falling oil prices and energy’s broad reach in the local economy. Over the long-run, Oklahoma City will remain a slightly above-average performer thanks to its high quality of life, universities, and affordable cost structure.

2014 Q4 Precis report, Moody’s Analytics

With OKC home to the operations of numerous energy and relat-ed services firms, including Devon Energy, Chesapeake Energy, Sandridge Energy, American Energy Partners, and Kirkpatrick Oil, the metro area has benefited from the tremendous growth of the oil and gas industry. The energy sector’s broad reach in the economy can be seen across all types of commercial real estate. Compared to the 1980s, Oklahoma City has a much more diversi-fied economic base. In the 1980’s almost 30 percent of state rev-enue came from oil production; in 2014, it was less than 6 percent.




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Economy | Employment continued

The area’s flourishing bioscience industry has an annual economic impact of more than $3.4 billion to the state economy, according to the Greater Oklahoma City Chamber. More than 44,000 people are directly employed in the bioscience in-dustry, with the total employment (including indirect jobs) gener-ated by the industry exceeding 90,000.

Leading employment sectors include gov-ernment (20%), trade transportation (18%), education and health (14%) business servic-es (12%). The City is the seat of government for the state, as well as the county, and many regional federal agency offices are located in Oklahoma City.

Not surprisingly, the area’s corporate presence is impressive, with companies operating in the area including: AOL, Sprint, The Hartford and Dell Computers. Devon Energy, Chesapeake Energy, Hobby Lobby, and Kerr-McGee (now SandRidge Energy) were all founded and remain headquartered in the greater metro area.

Tinker Air Force Base, also known as Oklahoma City Air Logistics Center (OC-ALC), the metro area’s second largest employer, is located in the suburb of Midwest City. Tinker AFB is the state’s largest industrial operation and home to seven major Department of Defense, Air Force, and Navy activities with critical national defense missions. The base has an estimated 27,000 military and civilian employees and is the largest single-site employer in Oklahoma. Tinker AFB covers 5,033 acres and has 760 buildings, with over 15.2 million square-feet of space.

In 2009, Tinker officially opened a repair and maintenance facil-ity at the former General Motors plant, located on the southwest section of the base. The 3.8 million-square-foot plant houses the Tinker Aerospace Complex, containing current 76th Maintenance Wing operations as well as other Department of Defense mis-sions. Private contractors such as Arinc, Boeing, ShurTech, Lockheed Martin, Raytheon, Northrop Grumman, and others will also lease space around the site as needed for military contracts. Total employment at the former GM site was estimated at 700 in 2010. Williams-Sonoma operates a call center in Oklahoma City with an employment base of 500; the center employs another 600 to 1,000 workers on a seasonal basis.

OKC’s manufacturing sector employed 35,600 people in April 2013, up nearly 3 percent from a year prior. According to a 2011 report from the State Chamber of Oklahoma, manufacturers will add a net total of 300,000 new jobs in the state over the next two decades.

Oklahoma City is known as the “Horse Show Capital of the World”, and the equine industry is a key economic generator, supporting 51,500 jobs and producing goods and services valued at nearly $800 million throughout the state. The city is also one of the na-tion’s largest processing centers for a variety of farm products and is home to the world’s largest stocker and feeder cattle market.




Page 19

Leading EmployersGreater Oklahoma City’s workforce is considered one of the area’s best assets. In January 2015, the region’s unemployment rate was 3.8%, One of the lowest rates among the nation’s 49 largest MSAs.

Over the year end in January 2015, the Oklahoma City MSA re-corded a job growth rate of 2.5%, equating to the addition of nearly 15,000 new jobs. According to Moody’s Analytics, the metro is expected to add more than 40,000 new jobs in the next five years.

Two Fortune 500 companies are headquartered in Oklahoma City: Devon Energy and Chesapeake Energy. While energy firms are significant employers, only Devon and Chesapeake are in the top 20 largest employers. Local retail giant, Hobby Lobby, employes more workers than either of the oil and gas firms. Five of the largest top 20 employers are in the healthcare industry. According to the Greater Oklahoma City Chamber of Commerce, health services, retail trade, leisure and hospitality and construc-tion are expected to be the fastest growing sectors in 2015.

COMPANY PRODUCT/SERVICE EMPLOYEESState of Oklahoma Government 46,900

Tinker Air Force Base Military 26,000

OU - Norman Campus Higher Education 11,900

FAA Aeronautical Center Aerospace 6,500

INTEGRIS Health* Health Care 6,000

Hobby Lobby Stores Inc* Wholesale & Retail 5,100

OU Health Sciences Center Higher Education 5,000

City of Oklahoma City Government 4,600

Mercy Health System of OK* Health Care 4,300

OGE Energy Corp.* Utility 3,400

Chesapeake Energy Corp* Oil & Gas 3,200

Devon Energy Corp* Oil & Gas 3,200

OU Medical Center Health Care 3,200

SSM Health Care of Okla., Inc.* Health Care 3,000

University of Central Oklahoma Higher Education 2,900

Norman Regional Hospital Health Care 2,800

AT&T Telecommunications 2,400

Oklahoma City Community College Higher Education 2,100

Sonic Corp* Retail 2,000

LSB Industries, Inc.* Manufacturing 1,800

The Boeing Company Aviation 1,800

Dell Sales & Business Service 1,700

Hertz Corporation Rental Services 1,700

UPS Transportation 1,550

Great Plains Coca-Cola Bottling Manufacturing & Distributing 1,500

Midwest Regional Medical Center Health Care 1,500

SandRidge Energy* Oil & Gas 1,500Cox Communications* Telecommunications 1,400

American Fidelity* Finance/Insurance 1,300

Farmers Insurance Group Customer Service 1,300

Johnson Controls Manufacturing 1,200

Midfirst Bank* Finance 1,150

Bank of Oklahoma Finance 1,100

Love's Travel Stops* Retail 1,100

ATC Drivetrain LLC* Manufacturing 1,000

Continental Resources* Oil & Gas 1,000

Deaconess Hospital* Health Care 1,000

Dolese Bros. Co.* Manufacturing 1,000

Rose State College Higher Education 1,000* Indicates headquarters in metro area Employee counts subject to change. Source: The Greater Oklahoma City Chamber




Page 20

Oklahoma City Public Schools is the state’s largest district with approximately 41,000 students. It also serves as a major em-ployer, with 4,500 faculty and staff members. The district is one of the few urban districts in the nation with a growing enrollment, due largely to the “MAPS for Kids” citywide improvement plan. Completed in 2012, the initiative was a 10-year, $700 million construction and renovation program to improve school facili-ties throughout Oklahoma City’s 24 school districts. The project included building or renovating 75 school sites, new buses, and upgrading technology.

In September 2014, the website Find the Best ranked the state of Oklahoma as the 2nd best place for recent college grads. Median income, unemployment rates and cost of living contributed to the state’s high ranking.

The city was also recognized for its community programs, includ-ing the Supporting Kids in Independent Living program and the Leadership Oklahoma City’s Youth in Action council. OKC is also home to the Oklahoma School of Science and Mathematics, which educates the state’s most-gifted math and science stu-dents. Oklahoma City has a diversified number of well developed private and parochial schools also.

There are 18 public and private colleges and universities in the Oklahoma City metro. The University of Oklahoma is one of two research universities in the state along with Oklahoma State University (Stillwater, OK).

Oklahoma also has a nationally acclaimed career and technol-ogy system, offering programs and services in nearly 400 school districts across the state. Oklahoma Career Tech is leading the nation in the development of Career Clusters which help students identify pathways from secondary school to career and technol-ogy education, colleges, graduate schools and the workplace.

Education

Educational AttainmentPopulation 25 Yrs and older

Less than High School Graduate 12.7%

High School/Technical School 27.5%

Associate’s Degree/Some College 31.6%

Bachelor’s Degree or higher 28.2%

Source: Census, 2011 - 2013 American Community Survey (3 year estimates) OKC Metro

Largest Colleges and UniversitiesOklahoma City MSA - Fall 2014

School Student Enrollment

University of Oklahoma (all campuses) 30,786

University of Central Oklahoma 12,777

Oklahoma City Community College 12,380

Rose State College 8,200

Oklahoma State University, OKC Campus 6,712

Oklahoma City University 3,072

Oklahoma Christian University 2,424




Page 21

TransportationHIGHWAYSOklahoma City is strategically located at the junction of three of the nation’s major interstates, is equidistant from both coasts and is located at the center of the I-35 NAFTA corridor. The city boasts an excellent highway and turnpike system making for easy navi-gation - commute times average 20 minutes or less with minimal congestion. MSN.com ranked it the sixth most drivable city in the United States.

International connections are also readily accessible. The coun-try’s most inland all-weather seaport is located 90 miles east, add-ing to the area’s potential for logistics and distribution.

TROLLEYThe city recently welcomed a new trolley system, dubbed the Oklahoma Spirit, which covers a three-mile area and loops through downtown, with an additional segment linking the state fairgrounds area with downtown and Bricktown. As mentioned, part of the MAPS 3 plan calls for a $130 million downtown street-car service, as well as a transit hub. The streetcar will link major employers, businesses, attractions and residents in the downtown area.

AIRWill Rogers World Airport is the city’s major commercial airport. The airport is located just a short distance from city center with easy access to three major Interstate Highways. Six commercial carriers serve the airport with an average of 75 total daily depar-tures. 22 destinations are served nonstop. In 2014, the airport served 3.8 million passengers and is a key employment center, hosting 70 companies that employ nearly 12,000 people.

In addition, Wiley Post Airport is a general aviation airport that boasts nearly 80,000 flight operations each year. Sundance Airpark is a privately-owned, public-use facility that operates ap-proximately 7,000 flights annually.

TRAINAmtrak service is provided via The Heartland Flyer, which makes daily runs to Fort Worth, Texas. The train departs from the his-toric Santa Fe Depot at the front door of Bricktown – Oklahoma City’s entertainment district. Two major lines provide most of the rail transportation in the Oklahoma City MSA: Union Pacific and BNSF Railway. These lines have more than 4,000 miles of track and connect Oklahoma communities with other U.S. cities, mar-kets and ports.




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SECTION 4

ADVISOR BIOS


T 405.606.7153C 405.613.8380F [email protected]

Newmark Grubb Levy Strange Beffort204 N. Robinson, Suite 700Oklahoma City, OK 73102

SECTION 4. ADVISOR BIOS



Senior Vice President

Professional Background

Brett Price, CCIM, SIOR serves as Senior Vice President of Newmark Grubb LevyStrange Beffort, specializing in the leasing and sales of industrial properties inOklahoma. Over the past nine years Brett has closed over $200M in transactions.

Price is a member of the elite Society of Industrial and Office Realtors (SIOR). TheSIOR designation is a professional achievement for highly qualified commercial realestate practitioners with a strong transactional history. Due to its eligibilityqualifications, there are currently only 2,800 members in this distinguished organizationworldwide.

Brett also holds the prestigious Certified Commercial Investment Member (CCIM)designation, which only 6 percent of all commercial brokers in the nation currently hold.

Brett earned a Bachelors degree in Entrepreneurship with a minor in Finance fromMichael F. Price School of Business at the University of Oklahoma.

Select Industrial Sale Transactions• Multiple addresses, Tulsa, OK, Thackeray Portfolio, 523,624 SF, $22,500,000• 8301 N I-35 Service Rd., ShurTech Distribution Center, 280,000 SF, $17,000,000• 4800 Partnership Dr., Crest Warehouse, 220,000 SF, $9,000,000• 11300 Partnership Dr., Iron Mountain Warehouse, 144,990 SF, $8,150,000• 6601 S Air Depot Blvd., PODS Warehouse, 144,000 SF, $7,600,000• 4401 E Hefner Rd., Kellogg Warehouse, 100,000 SF, $6,600,000• 311 NW 122nd St., Jasco Warehouse, 180,620 SF, $6,200,000.00• 607 N Miller Ave., AT&T Warehouse, 125,000 SF, $3,700,000• 511 NE 31st St., OK Tax Commission Warehouse, 38,550 SF, $1,700,000• 4700 SW 23rd St., McLain Business Park (Portfolio Sale), 23,750 SF, $1,385,000

Select Industrial Lease Transactions• 5200 SW 36th St., Xpedx, 90,000 SF• 4401 E Hefner Rd., Kellogg, 69,634 SF• 3500 N Santa Fe Ave., Cytorance Biologics (Build-to-Suit), 30,000 SF• 6601 S Air Depot Blvd., Boeing, 27,000 SF

Memberships & Affiliations

Journal Record Achievers Under 40 - 2014Newmark Grubb Top Producer - 2013 and 2014CREC Industrial Sale of the Year - 2013Society of Industrial and Office Realtors (SIOR)Certified Commercial Investment Member (CCIM)Member of the Oklahoma Commercial Real Estate Council (CREC)Active Big Brother since 2010 for Big Brothers Big Sisters of OklahomaLOYAL Class II Graduate (LOYAL is a Subsidiary of Leadership OKC and is a Networkof Young Professionals)

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BRETT PRICE, CCIM, SIOR

Newmark Grubb Levy Strange Beffort204 N. Robinson, Suite 700Oklahoma City, OK 73102T 405.286.6153C 405.202.9525F [email protected]

KRIS DAVIS, SIOR

Vice President

SECTION 4. ADVISOR BIOS



Professional Background

Professional SummarySince joining Newmark Grubb in 2006, Kris has specialized in sales and leasing of industrial land,warehouses, distribution centers and general industrial properties. Over the course of his career he hasfurther established himself as a leader providing service in the development of industrial business parks,build-to-suit projects & the real estate needs of industrial markets. Kris’s primary focus is to utilize hisknowledge, experience and resources to provide a proven, comprehensive marketing system for sellersand landlords and to give advantage to buyers and tenants by supplying conclusive data and identifyingkey drivers to equip them with a complete, progressive approach to meeting their specific real estateneeds and objectives.Mr. Davis is a member of the elite Society of Industrial and Office Realtors (SIOR). The SIOR designationis a professional achievement for highly qualified commercial real estate practitioners with a strongtransactional history. Due to its eligibility qualifications, there are currently only 2,800 members in thisdistinguished organization worldwide.Kris’s experience with the Oklahoma City Industrial Market began eleven years ago in the Staffing Industry.There he specialized in negotiations and staffing services for large industrial companies in the metro. Healso served as an industry consultant to smaller staffing companies, guiding them in adjusting theirprocedures to facilitate high volume accounts with streamline efficiency. This role allowed him to developlong lasting relationships with company officers and owners, both large and modest sized, and laid thestrong foundation on which he continues to build upon and cultivate his reputation for continually producingoperative, fiscal solutions for the client.

Partial Client List• Schlumberger• Key Energy Services• Vaughn Foods• BioMet• Cooley Construction• Fabriclean Supply Company• JOBO, LLC• Naifco Realty• Sherwin Williams• Stabil Drill• Universal Trailers• Weatherford Drilling

Notable Sale or Lease Transactions• Multiple Property Package, Oklahoma City, Naifco Realty, $7,500,000.00• 6601 S. Air Depot, Oklahoma City, Vaughn Foods, $2,260,668.00• 1515 McCurdy, Duncan, DAEDF, $2,000,000.00• 4901 S. Council Rd, Oklahoma City, JOBO, LLC $1,475,000.00• 1120 E. Hwy. 152, Mustang, Ellison Investments, $1,000,000.00• 70.31 Ac Reno & Sara, Oklahoma City, CBK, LLC, $925,000.00• 10701 NW 2nd, Oklahoma City, Redback Energy, $915,000.00• 10609 NW 2nd, Oklahoma City, Pure Energy, $405,000.00

Memberships & Affiliations

Member, Society of Industrial and Office Realtors (SIOR)Member, Oklahoma Commercial Real Estate Council (CREC)Member, CREC Planning Committee

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