This great commercial property features 8 tenant suites ranging in size from 710 SF to 5,190 SF. The Gross Lease-able area of the office building is 18,900 SF. Six of the 8 suites are currently occupied. Monthly income and expenses are based on the current occupancy so NOI will increase as vacancies are filled. This property has been well maintained with roof maintenance completed in a timely manner and many of the roof top HVAC systems replaced over the past 5 years. The leases are Triple Net Leases so tenants pay their pro-rated share of common area maintenance costs, property taxes and hazard insurance. Tenants also contribute the first $500 toward maintenance issues within their suites. Many of the tenants have been tenants for many years and signed lease renewals and extensions. The property has visibility from Cache Road and is on a main side road that Lawtonians use for traveling from Cache Road to Sheridan. Parking is more than sufficient for the building and there is adequate handicap accessibility. All tenant suites are separately metered for electricity and each have at least one handicap accessible restroom. This property would make a great investment for an owner looking for a monthly income stream. Call Kim Thomas today to discuss this property, 580-704-9916.
*This Payment Calculator is intended for educational and planning purposes only. **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
Listing information is provided in part by MLS Committe of the Lawton Board of REALTORS®. Copyright 2020 Lawton Board of REALTORS®. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.