Cell: 405.822.2877
Fax: 405.608.0654
Office: 405.752.2525 InterWest Realty
4900 Richmond Square #200
Oklahoma City, OK 73118
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Articles A positive 2008 forecast "As most of the nation is bracing for a tough 2008 for commercial real estate, Oklahoma is gearing up for yet another positive year for all of its major commercial property types.
While most experts agree Oklahoma will feel some effects if a recession does occur this year, they also agree both Tulsa and Oklahoma City’s commercial real estate markets should remain insulated for the most part, largely due to the phenomenal growth seen in the state’s oil and gas sector over the past several years...
Oklahoma City and Tulsa offices, the growth in the state’s energy sector has been one of the leading factors behind the steady absorption being seen in office vacancy, especially in Oklahoma City. Both Oklahoma City’s suburban and downtown office markets have greatly benefited from the expansion of numerous small and large energy firms. In downtown alone, three sizable energy firms, including SandRidge and Simons Petroleum, relocated their offices to the central business district in 2007.
With vacancy expected to improve in both cities in 2008, it's predicted yet another strong year for office investment sales, especially with supply and demand remaining out of balance for the year.
“I would say the overall market is in excellent condition,” he said. “There are still far more buyers than sellers looking for quality office assets.”
Not only will the heightened demand for office product result in increased purchase prices, but so will continued increases in office rental rates" (Source: Journal Record) Read full article...
Location: 2 blocks south of the new I-40 highway and Robinson exit in Downtown OKC
Description: Totally remodeled Office/Retail/Warehouse facility offering aprox 400' of office/showroom and 1,800' of storage/warehouse space. The seller just put a new roof, electrical, plumbing, lighting, and two restrooms. The average asking price for the land only on south Robinson is over $39/sq ft. This 7,000 lot including a very nice building is only $21/sq.ft...
Location: 2 blocks west of Western on Sheridan Street
Description: Property backs up to I-40 It offers 2 buildings. The main building is 2 story with 1,250' of Heated and Cooled office space with ADA bathrooms, 3 offices and a large showroom/Common area. The lower level consists of 1,250' of storage and 4,500' of heated shop are with 14' ceiling height. There is an ancillary building located on the adjacent parcel which is aprox 1,740 sq ft and 7,000 of paved and fenced parking
Core to Shore Lot
1200 S Robinson
Oklahoma City,OK73103
Price: $88,900 Bldg. Size:7,000 Lot Size:2,210 SF Acres
Location: Just 1 block south of the new I-40 crosstown Interstate on Downtown OKC, OK
Description: Solid 2,200 sq ft retail/warehouse building located across the street from the future 70 acre Riverfront park part of the Maps 3 Core to Shore $770M redevelopment package......
Location: Located 1 block East of I-235 (Broadway Extension), and 1 block north of 23rd Street
Description: 7,104 sq ft property featuring nearly 1,024 sq ft of climate controlled office space. There are 2 grade level overhead doors and 3-phase power...
Location: One block east of Broadway Extension (I-235) just off of NW 50th allowing easy access to all of the major freeways in OKC, and Edmond.
Description: 25,112 sq ft featuring nearly 4,500 sq ft of climate controlled office space. 3 dock high overhead doors, two grade level overhead doors, and one rail spur overhead door. 3-phase power, newly concreted and fenced storage yard of about 8,500 sq ft with two canopied areas...
Location: 1 mile west of Broadway Extension and 1 block south of 33rd
Description: Located in the affluent suburb of Edmond in Oklahoma City, OK This investment offers a true 12% Cap and a realistic Cash on Cash return of 18.1% with a 65% LTV Loan. NNN Tenant...
Location: Located in northwest Oklahoma City directly across from Wiley Post Airport which is home base for nearly 400 aircraft,
ranging in size from single-engine planes to corporate jets. Over 80,000 flight operations were logged there last year.
Description: 24,200 sq. ft. Office Warehouse across the street from Wiley Post Airport. Below Market Rents for strong future upside.
Over 1/2 acre of land available for future building expansion (if desired). Great Tenants on solid leases with strong financial abilities...
Location: Located just a few blocks west of Downtown OKC on West Main street
Description: 3,400 sq ft brick building in the newly created Film Row area of West Downtown OKC. The property is just a few blocks west of Classen Blvd. It is situated on a 50' x 175' lot and the building is 40' x 65' with a 2nd floor apartment....
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. The listings contained on this web site may be withdrawn by the sellers at any time.
