5500-5540 E Reno Ave | Oklahoma City, OK 73117
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- LoopNet Team
5500-5540 E Reno Ave
Oklahoma City, OK 73117
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 38% Below Market Rents
- Going-In Cap Rate of 7.81% (8% vacancy factored in)
- 490 Parking Spaces With Prime Frontage On E Reno Ave and S Sooner Rd
- 1 Year Weighted Average Lease Term
- Pro-Forma Cap Rate of 12.32% (8% vacancy factored in)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
63,063 SF
Building Class
B
Year Built/Renovated
1985/2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
5.93 AC
Parking
490 Spaces (7.79 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 150830100 | Improvements Assessment | $277,614 |
| Land Assessment | $65,265 | Total Assessment | $342,879 |
PROPERTY TAXES
Parcel Number
150830100
Land Assessment
$65,265
Improvements Assessment
$277,614
Total Assessment
$342,879
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