1261 S. Eastern, Moore, OK
Office for Sale - $550,000 - 10,500 Sq. Ft.
Property Info
| CIMLS# | 726141 |
| Location 1261 S. Eastern Moore OK 73160 | |
| Updated | June 25th, 2014 |
| Type | Office |
| Price | $550,000 |
| Building | 10,500 Sq. Ft. |
Property Description
Hard to find value-add asset for only $550,000. This strip center located at SE 12th and S. Eastern Avenue in Moore, OK provides the opportunity for huge upside in NOI. Property maintained 90% plus occupancy for over 10 years until the 2013 Moore Tornado damaged the roof causing 3 tenants to relocate. In 2014 the property was repaired, receiving a new roof, siding, and interiors. Scroggins Pet Hospital and adjacent Dog Groomer are long term, stable tenants currently paying a total of $2,500/month. At only $52.38/sf, this property can be purchased for much lower than replacement cost.
Location Description:
Located in Moore
Highlights:
>> Hard to find value-add asset for only $550,000.
>> Huge Upside NOI Potential
>> Excellent Condition
>> New Roof, Exterior Awning, Carpet, Paint, Ceiling Tiles
>> Stable Tenants in Place
>> -Scroggins Pet Hospital: $1,800/month
>> -Dog Groomer: $800/month
>> Property maintained 90% plus occupancy for over 10 years until the 2013 Moore Tornado damaged the roof forcing some tenants to vacate. In 2014 the property was repaired and upgraded inside and out.
>> At only $52.38/sf, this property can be purchased for much lower than replacement cost.
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** This property also has spaces available for lease.
