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Crescent Industrial Buildings 2571 Meridian Ave 22,100 SF Industrial Building Crescent, OK 73028 $1,950,000 ($88.24/SF) 14.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Purpose-built cannabis facility on 4.44 unrestricted acres with 22,100 SF across three buildings
- Same tenant for the last 3 years; renewed (June 2025) for 3 years with a 2 year option.
- Buildings were designed to be adaptable for future uses. Spray foam insulation.
EXECUTIVE SUMMARY
Purpose-built cannabis facility on 4.44 unrestricted acres with 22,100SF across three buildings (constructed 2021).
Features include privacy fencing, electric gate, and expansion potential.
Buildings were designed to be adaptable for future uses. Spray foam insulation.
OG&E stated they have more power to supply expansion (Buyer to verify).
Tenant Info:
Same tenant for the last 3 years; renewed (June 2025) for 3 years with a 2 year option. Fully licensed and compliant.
Features include privacy fencing, electric gate, and expansion potential.
Buildings were designed to be adaptable for future uses. Spray foam insulation.
OG&E stated they have more power to supply expansion (Buyer to verify).
Tenant Info:
Same tenant for the last 3 years; renewed (June 2025) for 3 years with a 2 year option. Fully licensed and compliant.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
AMENITIES
- Fenced Lot
- Storage Space
- Smoke Detector
UTILITIES
- Lighting
- Water - Well
- Sewer - Septic Field
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 420045374 | Total Assessment | $187,978 |
| Land Assessment | $6,775 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $181,203 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
420045374
Land Assessment
$6,775
Improvements Assessment
$181,203
Total Assessment
$187,978
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Crescent Industrial Buildings | 2571 Meridian Ave
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