3900 E I240 Service Road,Oklahoma City, OK 73135
Oklahoma City, OK 73135
Description
This multi-tenant industrial investment opportunity consists of three buildings totaling 72,000 square feet within Midwest Industrial Park along the I-240 service road in Oklahoma City. The portfolio includes two 12,000-square-foot buildings and one 48,000-square-foot building, providing a diversified industrial asset with multiple tenancy options and operational flexibility. The property offers a combination of in-place income and value-add potential. Existing tenants currently occupy approximately 42,000 square feet, creating immediate cash flow while leaving substantial vacancy available for future leasing activity or owner-user occupancy. This unique configuration allows investors to pursue a lease-up strategy designed to increase occupancy and revenue, while owner-users can occupy available space and offset operating costs through rental income generated by existing tenants. Positioned just east of the I-240 and I-35 interchange, the property benefits from regional connectivity to Oklahoma City's primary transportation corridors. The interchange is one of the area's most heavily traveled industrial and commercial gateways, providing convenient access throughout the Oklahoma City metropolitan area and supporting efficient distribution, service, manufacturing, and contractor operations. Frontage along the I-240 service road enhances visibility and accessibility for tenants and visitors. With a blend of current occupancy, available space, and strategic freeway access, this three-building industrial portfolio presents an opportunity to acquire a functional asset with multiple paths to value creation, including leasing, operational expansion, tenant repositioning, or owner-user utilization.
Details
| MLS # | 1244005 |
|---|---|
| Listing Type | For Sale |
| Style | Investment |
| Sub-Type | Resale |
| Status | Active |
| Year | 1983 |
| Days On Site | 47 |
| Listing Provided By | Richard Jennings Real Estate | Richard Jennings |
Features
| SQ Feet | 72,000 |
|---|---|
| Story(s) | 1 |
Taxes
| Tax Block | 1 |
|---|---|
| Tax Lot | 1 |
Area Information
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73135 |
| School District | Oklahoma |
| Listing VS Median (in 73135) | |
Price: $5,600,000 low | high Med: $195,000 sqft: 72,000 low | high Med: 1,223 $ / sqft: $78 low | high Med: $159 On site: 47 low | high Med: 41 | |
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Learn More About This Property
| State | OK |
|---|---|
| County | Oklahoma |
| City | Oklahoma City |
| Zip Code | 73135 |
| School District | Oklahoma |
| Listing VS Median (in 73135) | |
Price: $5,600,000 low | high Med: $195,000 sqft: 72,000 low | high Med: 1,223 $ / sqft: $78 low | high Med: $159 On site: 47 low | high Med: 41 | |