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 23rd St, Choctaw, Oklahoma – 20,200-square-feet
- 2901 & 2675 Plant Drive, Choctaw, Oklahoma – 50,000-square-feet (total)
- 18718 NE 23rd Street, Harrah, Oklahoma – 15,150-square-feet
16401 NE 23rd 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 23rd 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 23rd, 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.”
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.