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Damann Plaza 851-867 12th Ave NE 9,316 SF 100% Leased Retail Building Norman, OK 73071 $1,982,576 ($212.81/SF) 7.90% Cap Rate
Investment Highlights
- 1.5 Miles Northeast of the University of Oklahoma
- 20 Minutes South of Oklahoma City
- Norman is the 3rd Largest City in the State
Executive Summary
5 Notable Tenants
NOI: $156,632.58
Walmart Shadow Center
New TPO Roof Installed in 2021
Property Facts
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Beanstalk Coffee and Sno
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- Finance and Insurance
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State Farm began in 1922 as a mutual auto insurer founded by George J. Mecherle, who wanted pricing based on drivers' actual risk rather than broad categories. Over time, the company expanded beyond auto coverage into homeowners, renters, farm and ranch, life, health, disability, liability, and business insurance. State Farm also offers financial services, including banking through an alliance with U.S. Bank and investment products such as mutual funds and advisory services. The business now serves a broad customer base through a large agent network and manages insurance and financial service products across a wide range of policies and accounts.
- The Palace
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Beanstalk Coffee and Sno | - | - | - | - | ||
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Finance and Insurance | - | - | - | ||
| The Palace | - | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | R0097015 | Improvements Assessment | $84,993 |
| Land Assessment | $30,980 | Total Assessment | $115,973 |
Property Taxes
Presented by
Damann Plaza | 851-867 12th Ave NE
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