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411-415 SE Simpson St
Lawton, OK 73501
SRS Distribution · Industrial Property For Sale
Investment Highlights
- Triple Net Lease Structure
- New 5-Year Lease with Renewal Options - 5-Year base term commences in December 2023 and features two (2), five (5) year renewal options
- Major Recent Facility Improvements - Full building remodel in 2017 with additional improvements and expansion planned per new lease agreement
- National Tenant - SRS Distribution is a large building material supplier operating in more than 660 locations nationwide
- Desirable Rent Increases - The lease includes 10% rent bumps at each five (5) year option
- Well Situated - Property sits in a dense industrial submarket near synergistic neighboring businesses and close to a large retail trade area.
Property Facts
| Property Type | Industrial | Rentable Building Area | 18,300 SF |
| Property Subtype | Warehouse | No. Stories | 1 |
| Building Class | B | Year Built/Renovated | 1960/2017 |
| Lot Size | 1.40 AC | Tenancy | Single |
| Zoning | I-2 | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.40 AC |
| Rentable Building Area | 18,300 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2017 |
| Tenancy | Single |
| Zoning | I-2 |
Property Taxes
| Parcel Number | 0027194 | Improvements Assessment | $132,586 |
| Land Assessment | $13,500 | Total Assessment | $146,086 |
Property Taxes
Parcel Number
0027194
Land Assessment
$13,500
Improvements Assessment
$132,586
Total Assessment
$146,086
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