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6625 Wilshire BlvdOklahoma City, OK 73132

41,600 SF NNN Leaseback Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a sale-leaseback of two light industrial buildings totaling 41,600 square feet, situated on a 4.21-acre lot in Oklahoma City, OK. The property comprises two single-story structures built in 1982 and 1992, offering a combined 41,600 square feet of space. Building 1 (6625 W. Wilshire Blvd) encompasses 32,000 square feet, including 5,140 square feet of office space, and features 20 parking spaces, a yard, and two 10' wide x 14' tall overhead doors. Building 2 (8022 Wilshire Ct) offers 9,600 square feet, with 1,540 square feet dedicated to office space, along with 8 parking spaces and a yard, and two overhead doors. The property benefits from a 10-year absolute net lease with a tenant occupying the space for approximately 20 years, featuring a current annual rent of $37,550, subject to a 2% annual increase. The lease includes three 10-year renewal options, ensuring long-term income stability. The current Net Operating Income (NOI) is $450,600, and the pro-forma NOI mirrors this figure. This is a truly exceptional opportunity to acquire a stable, high-performing industrial asset with minimal landlord responsibilities. The property is conveniently located near the intersection of Northwest Expressway and W Wilshire Boulevard, within a labor force population of 1,486,229. The sale is structured as a sale-leaseback transaction.

Highlights

  • 10-Year Absolute NNN Lease with 2% annual rent increases; zero landlord responsibilities.
  • Three 10-Year Renewal Options; lease signed at close of escrow.
  • $450,600 NOI.
  • 41,600 SF light industrial facility (two buildings): 32,000 SF building at 6625 W. Wilshire (32,000 SF, 5,140 SF office, 20 parking spaces, yard, two 10'x14' overhead doors) and 9,600 SF building at 8022 Wilshire Ct. (9,600 SF, 1,540 SF office, 8 parking spaces, yard, two overhead doors).
  • Established tenant (manufacturing business) with 20-year history at the location; absolute net lease with zero landlord responsibilities; 10-year base term with three 10-year renewal options; $37,550 starting annual rent with 2% annual increases.

Property Details for 6625 Wilshire Blvd

Property type
Warehouses, Industrial properties
Square Feet
41,600 SF
Year Built
1982
Buildings
2
Stories
1
Lot Size (sq. ft)
183,388 SF

Location Insight

City
Oklahoma City
County
Oklahoma
State
Oklahoma
Latitude
35.5522974
Longitude
-97.6319547
6625 Wilshire Blvd, Oklahoma City, Oklahoma

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6625 Wilshire Blvd
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