Bethany Business Park - 4107 N. Council

4107 N. Council Road Bethany, OK 73008

4107 N. Council Road, Bethany, OK, 73008
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$3,995,000
Last Verified:
Oct 25, 2024

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Highlights


Description

Discover a standout investment with Bethany Business Park, a premier multi-tenant office property newly completed in 2023. This exceptional office park is now available for acquisition, offering a unique blend of modern design, high occupancy, and attractive financial metrics. This property is ideal for the investor looking for a multi-tenant office park.

Investment Highlights

Why Invest? This office park represents a rare opportunity to acquire a high-quality, low-risk asset with new construction, robust occupancy, and NNN leases. The combination of minimal landlord responsibilities and strong financial performance makes it a standout investment.

Seize this exceptional opportunity and elevate your portfolio with a premier asset poised to deliver outstanding returns. Contact us today to make this premier property yours!

1. Modern New Construction: Completed just last year, Bethany Business Park features functional floor plans with the latest infrastructure, ensuring minimal maintenance and maximum tenant appeal.

2. High Occupancy & Immediate Income: With over 95% of its space already leased and proposals in place for the remaining unit, this property promises robust and immediate rental income. All leases are triple net (NNN), meaning tenants cover operational costs, offering a hassle-free investment experience.

3 . Prime Location & Ample Parking: Located on a 2.22-acre lot, this office park comprises 8 free-standing buildings, providing generous parking and exceptional visibility. This strategic location ensures easy access and high convenience for tenants and their clients.

4. Flexible & Functional Space: The property spans 23,271 square feet, with units ranging from 1,201 to 4,452 square feet. This variety of spaces caters to a wide range of professional office needs,.

5. Attractive Financial Metrics: Priced at $3,995,000, this investment offers a compelling cap rate of 7.81% and a net operating income (NOI) of $311,816. With a competitive price per square foot of $171.67, Bethany Business Park stands out in today’s market.

Bethany Business Park is located on Council Road just south of NW 39th (Route 66). The office park has recently been completed and the office buildings are now complete. The buildings offer very functional floor plans, modern amenities and ample parking.

NW 39th and Council Road


Year Built: 2023
Building Size: 23271sq ft
Building Class: A
Lot Size: 2.04 acres


Documents

Sale Brochure - with Rent Roll
Sale Brochure
Lease Brochure

Units for Lease

4107 N. Council Road - Unit C-1
Space Available: 1201 SF
Lease Type: NNN

Price Per Sqft/Year: $15.00
4107 N,. Council Road - Unit C-2
Space Available: 1201 SF
Lease Type: NNN

Price Per Sqft/Year: $15.00

Map of 4107 N. Council Road, Bethany, OK, 73008

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.