1320 NW Homestead Dr

    Lawton, OK 73505
    • $1,285,000
    • STATUS: Active
    • ON SITE: 196 days
    • MLS #: 152893
    UPDATED: 19 min ago
    $1,285,000
    • 0
      BEDS
    • 1.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1996
    County:

    School Ratings & Info

    Description

    This great commercial property features 8 tenant suites ranging in size from 710 SF to 5,190 SF. The Gross Lease-able area of the office building is 18,900 SF. Six of the 8 suites are currently occupied. Monthly income and expenses are based on the current occupancy so NOI will increase as vacancies are filled. This property has been well maintained with roof maintenance completed in a timely manner and many of the roof top HVAC systems replaced over the past 5 years. The leases are Triple Net Leases so tenants pay their pro-rated share of common area maintenance costs, property taxes and hazard insurance. Tenants also contribute the first $500 toward maintenance issues within their suites. Many of the tenants have been tenants for many years and signed lease renewals and extensions. The property has visibility from Cache Road and is on a main side road that Lawtonians use for traveling from Cache Road to Sheridan. Parking is more than sufficient for the building and there is adequate handicap accessibility. All tenant suites are separately metered for electricity and each have at least one handicap accessible restroom. This property would make a great investment for an owner looking for a monthly income stream. Call Kim Thomas today to discuss this property, 580-704-9916.

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    Listing information © 2019 Lawton Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pam & Barry's Team - RE/MAX Professionals. Data last updated 2019-12-07T16:33:36.267.
    www.homefinderlawton.com/homes/95162650

    1320 NW Homestead Dr Lawton, OK 73505

    • Price: $1,285,000
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 152893
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.28
    Acres
    1996
    Built
    Neighborhood:
    Tomlinson Hmstd
    County:
    Comanche
    Area:
    Tomlinson Hmstd
    Property Description
    This great commercial property features 8 tenant suites ranging in size from 710 SF to 5,190 SF. The Gross Lease-able area of the office building is 18,900 SF. Six of the 8 suites are currently occupied. Monthly income and expenses are based on the current occupancy so NOI will increase as vacancies are filled. This property has been well maintained with roof maintenance completed in a timely manner and many of the roof top HVAC systems replaced over the past 5 years. The leases are Triple Net Leases so tenants pay their pro-rated share of common area maintenance costs, property taxes and hazard insurance. Tenants also contribute the first $500 toward maintenance issues within their suites. Many of the tenants have been tenants for many years and signed lease renewals and extensions. The property has visibility from Cache Road and is on a main side road that Lawtonians use for traveling from Cache Road to Sheridan. Parking is more than sufficient for the building and there is adequate handicap accessibility. All tenant suites are separately metered for electricity and each have at least one handicap accessible restroom. This property would make a great investment for an owner looking for a monthly income stream. Call Kim Thomas today to discuss this property, 580-704-9916.
    Exterior Features

    Dock Loading No Exterior Brick Veneer Fencing Wrought Iron Lot Dimensions 1.28 Acres - Rectangular Roof Metal Type Office Building

    Interior Features

    Appliances Walk-In Coolers Ceiling Height 9 Ft. Cooling Central ElectricZoned Current Past Business ProfessionalGeneral BusinessRestaurantMedicalBar/Tavern Electricity Public Service Ok Fire Sprinkler No Floors CarpetConcreteVinyl Tile Gas Natural Handicap Access YN Yes Heating Central ElectricZoned Industrial Sq Ft 0 Number Of Parking Spaces 80 Number Of Restrooms 12 Occupied Yes Office Sq Ft 18900 Retail Sq Ft 0 Safety Features Security LightingSmoke/Heat Alarm Stacking Height 1 Total Sq Ft Range 10001 - 20000 Warehouse Sq Ft 0

    Property Features

    Disclosures None Known Documents On File Financial Det.Copy Of LeasesSecurity DepositPhoto Environ Impact Study No Fin Statement Available Yes Flood Insurance Required No For Lease Building For Sale Building Franchise No Gross Income Per Month $14239.09 Lease Per Square Feet Lease Rate 11 Net Oper Inc Per Month $2929.47 Number Of Levels One Ownership Re-Leased Possession At Closing Property Taxes $13803.29 Road Frontage City StreetPaved Sale Lease Back No Sale Rent For Sale Sewer City Sq Ft Source Lease Documents Tax Year 2018 Tenant Pays GasWaterSewerElectricityTaxesInsuranceMaintenance Terms Of Sale Conventional Total Expenses Per Month $11309.62 Water City Zoning C-1 Local Comm Dist

    Listing provided courtesy of Re/Max Professionals. Listing information © 2019 Lawton Multiple Listing Service.
    Listing information © 2019 Lawton Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pam & Barry's Team - RE/MAX Professionals. Data last updated 2019-12-07T16:33:36.267.
     
    Pam & Barry's Team - RE/MAX Professionals
    3908 NW Elm Ave
    Lawton OK, 73505