CBRE Marketing Four Industrial Properties In Choctaw And Harrah, Oklahoma

CBRE announces the marketing of four industrial properties, totaling over 85,000-square-feet, just east of Oklahoma City in the towns Choctaw and Harrah.

Randy Lacey, SIOR, and Austin Lacey with CBRE, Oklahoma City are representing the seller, Excell Products, Inc.

The properties are:

• 16401 NE 23^rd St, Choctaw, Oklahoma – 20,200-square-feet
• 2901 & 2675 Plant Drive, Choctaw, Oklahoma – 50,000-square-feet (total)
• 18718 NE 23^rd Street, Harrah, Oklahoma – 15,150-square-feet

16401 NE 23^rd Street in Choctaw is listed for $799,000. 2901 & 2675 Plant Drive in Choctaw (being sold together or separately) are listed for $2,200,000. 18718 NE 23^rd Street in Harrah is listed for $650,000.

“There are a lot of functional qualities industrial users are looking for while still achieving a price point that makes sense for their bottom line,” says Randy Lacey, SIOR, Vice President at CBRE. “With low industrial vacancy in the Oklahoma City area, these buildings could provide a great opportunity for a long-term investment.”

All of the buildings are climate controlled, have heavy power, are located on or near NE 23^rd, a major thoroughfare, and are located minutes from the new turnpike expansion, currently under construction, connecting the Kilpatrick Turnpike to Interstate 40.

“These buildings are located just twenty-five minutes east of downtown Oklahoma City in an often-forgotten part of town. They are priced in a way to reflect this,” says Austin Lacey, Associate at CBRE. “Compared to other Oklahoma City suburbs, a savvy investor could be saving as much as $10-15 per-square-foot on quality industrial product.”