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Iola Street Office Park 504 W Iola St 4,800 SF Office Building Broken Arrow, OK 74012 $1,250,000 ($260.42/SF) 6.17% Cap Rate
EXECUTIVE SUMMARY
504 W Iola St., Broken Arrow's Rose District. Located at 71st and Elm between QT and Seiling Park.
This is a Modified Net Lease. Tenant is Golden Steps ABA. Year 2 (2/2024) of a 10 Year Lease (4/2034). The 504 Building is a 4800SF Pre-Engineered Steel Building built in 2022. $1,250,000.00 ($260.00 PSF)
524 W Iola St (See Loopnet Listing) can be bought with 504 W Iola St or Sold Separately. The 524 Building is a 4800 SF Pre-Engineered Steel Building built in 2020. The 524 Building is Leased to Advanced Orthopedics Of Oklahoma. Year 1 (6/2025) of a 3yr Lease Renewal (6/2028). The 524 Lease is a Modified Net Lease. $1,250,000.00 ($260.00 PSF)
527 W EL Paso (See Loopnet Listing) is available separately or bought together with the Iola property package. EL Paso is located in Broken Arrow's Rose District with Elm Street frontage. The EL Paso Building is Under Construction and is expected to Complete 1/2026. The building consists of 4000 SF Pre-Engineered Steel Building (Clear-Span) Brick Veneer. $1,040,000.00 ($260.00 PSF)
This is a Modified Net Lease. Tenant is Golden Steps ABA. Year 2 (2/2024) of a 10 Year Lease (4/2034). The 504 Building is a 4800SF Pre-Engineered Steel Building built in 2022. $1,250,000.00 ($260.00 PSF)
524 W Iola St (See Loopnet Listing) can be bought with 504 W Iola St or Sold Separately. The 524 Building is a 4800 SF Pre-Engineered Steel Building built in 2020. The 524 Building is Leased to Advanced Orthopedics Of Oklahoma. Year 1 (6/2025) of a 3yr Lease Renewal (6/2028). The 524 Lease is a Modified Net Lease. $1,250,000.00 ($260.00 PSF)
527 W EL Paso (See Loopnet Listing) is available separately or bought together with the Iola property package. EL Paso is located in Broken Arrow's Rose District with Elm Street frontage. The EL Paso Building is Under Construction and is expected to Complete 1/2026. The building consists of 4000 SF Pre-Engineered Steel Building (Clear-Span) Brick Veneer. $1,040,000.00 ($260.00 PSF)
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$103,200
|
$21.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$103,200
|
$21.50
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,204
|
$5.46
|
| Net Operating Income |
$76,996
|
$16.04
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $103,200 |
| Annual Per SF | $21.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $103,200 |
| Annual Per SF | $21.50 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $26,204 |
| Annual Per SF | $5.46 |
| Net Operating Income | |
|---|---|
| Annual | $76,996 |
| Annual Per SF | $16.04 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Building Size
4,800 SF
Building Class
A
Year Built
2022
Price
$1,250,000
Price Per SF
$260.42
Cap Rate
6.17%
NOI
$77,176
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,800 SF
Building FAR
0.23
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
CN
AMENITIES
- Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Golden Steps
- Health Care and Social Assistance
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Golden Steps | Health Care and Social Assistance | - | - | - |
PROPERTY TAXES
| Parcel Number | 80610-84-11-13810 | Improvements Assessment | $89,070 (2024) |
| Land Assessment | $11,208 (2024) | Total Assessment | $100,278 (2024) |
PROPERTY TAXES
Parcel Number
80610-84-11-13810
Land Assessment
$11,208 (2024)
Improvements Assessment
$89,070 (2024)
Total Assessment
$100,278 (2024)
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Iola Street Office Park | 504 W Iola St
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