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308 Westland Dr 41,200 SF Industrial Building Edmond, OK 73013 $3,900,000 ($94.66/SF) 6.40% Cap Rate
Investment Highlights
- Stable NNN cash flow with limited roof & structural exposure.
- $8.46/SF rent is below Edmond light-industrial averages, offering mark-to-market upside at rollover.
- Infill Edmond location with sub-4% industrial vacancy and limited new supply.
- Capital-intensive cultivation build-out (HVAC, power, irrigation) anchors renewal likelihood.
- Larger footprint on 1.44 acres with 47% site coverage provides functional truck and parking layout.
Executive Summary
Discover an exceptional opportunity to own a versatile industrial manufacturing facility at 308 Westland Dr, located in the thriving Edmond submarket of Oklahoma City. This 29,500 SF, single-tenant, Class B industrial building, constructed in 1997, is ideal for owner-occupants or investors seeking a well-maintained property with strong functional appeal.
Property Facts
| Price | $3,900,000 | Rentable Building Area | 41,200 SF |
| Price Per SF | $94.66 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1997 |
| Cap Rate | 6.40% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.71/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 1.44 AC | No. Drive In / Grade-Level Doors | 6 |
| Zoning | I1 - I-1 Light Industrial — cannabis cultivation permitted Utilities | ||
| Price | $3,900,000 |
| Price Per SF | $94.66 |
| Sale Type | Investment NNN |
| Cap Rate | 6.40% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.44 AC |
| Rentable Building Area | 41,200 SF |
| No. Stories | 1 |
| Year Built | 1997 |
| Tenancy | Single |
| Parking Ratio | 0.71/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | I1 - I-1 Light Industrial — cannabis cultivation permitted Utilities |
Property Taxes
| Parcel Number | 122721100 | Improvements Assessment | $119,200 |
| Land Assessment | $9,940 | Total Assessment | $129,140 |
Property Taxes
Parcel Number
122721100
Land Assessment
$9,940
Improvements Assessment
$119,200
Total Assessment
$129,140
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