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524 W Iola St
Broken Arrow, OK 74012
Office Property For Sale
Executive Summary
524 W Iola St. Located in Broken Arrows Rose District. Located at 71st and Elm between QT and Seiling Park. 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)
504 W Iola St.,(See Loopnet Listing) 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)
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. $1,090,000.00 ($260.00 PSF)
504 W Iola St.,(See Loopnet Listing) 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)
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. $1,090,000.00 ($260.00 PSF)
Property Facts
Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Building Size
4,800 SF
Building Class
B
Year Built
2020
Price
$1,250,000
Price Per SF
$260.42
Cap Rate
6.57%
NOI
$82,108
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 - COMMERCIAL
Parking
17 Spaces (3.54 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Signage
- Storage Space
- Partitioned Offices
- Drop Ceiling
- Air Conditioning
Property Taxes
| Parcel Number | 80610-84-11-13800 | Improvements Assessment | $92,626 |
| Land Assessment | $12,862 | Total Assessment | $105,488 |
Property Taxes
Parcel Number
80610-84-11-13800
Land Assessment
$12,862
Improvements Assessment
$92,626
Total Assessment
$105,488
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