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3275 E Waterloo Rd 22,400 SF 100% Leased Industrial Building Edmond, OK 73034 $3,250,000 ($145.09/SF) 10.22% Cap Rate
INVESTMENT HIGHLIGHTS
- 12 Flex Industrial Buildings (1,800 SF per Building)
- 11.5% CAP Rate
- Highly Desirable Facilities for Medical Marijuana Industry
- 100% Leased (All OMMA Compliant Cannabis Grow Facilities)
- Consistent Occupancy
- Easy Access to I-35
EXECUTIVE SUMMARY
Built in 2020, 3275 E Waterloo Rd was designed to accommodate cannabis cultivators seeking a turnkey grow facility. Each building on the property was specifically built in compliance with OMMA regulations and has continued to stay in compliance with ever evolving regulations in the industry. In turn this property has become a hub for boutique growers in the Medical Marijuana space. Since completion, occupancy levels have stayed high, given the limited availability of this type of space in the OKC metro. The property features 12 individual grow buildings, on site restrooms, and an administrative office. Currently at 100% occupancy, 3275 E Waterloo Rd boasts a high cap rate of 11.5%.
PROPERTY FACTS Under Contract
| Price | $3,250,000 | Lot Size | 1.18 AC |
| Price Per SF | $145.09 | Rentable Building Area | 22,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.22% | Year Built | 2020 |
| Property Type | Industrial | Parking Ratio | 1.79/1,000 SF |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 12 |
| Building Class | C | ||
| Zoning | Unincorporated | ||
| Price | $3,250,000 |
| Price Per SF | $145.09 |
| Sale Type | Investment |
| Cap Rate | 10.22% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.18 AC |
| Rentable Building Area | 22,400 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 1.79/1,000 SF |
| No. Drive In / Grade-Level Doors | 12 |
| Zoning | Unincorporated |
PROPERTY TAXES
| Parcel Number | 420021501 | Improvements Assessment | $209,546 |
| Land Assessment | $21,602 | Total Assessment | $231,148 |
PROPERTY TAXES
Parcel Number
420021501
Land Assessment
$21,602
Improvements Assessment
$209,546
Total Assessment
$231,148
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3275 E Waterloo Rd
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