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1222 10th St
Woodward, OK 73801

$575,000 USD

Office For Sale • 14,761 SF

Property Details

Property Type Office
Total Building Size 14,761 SF
Lot Size 0.52 AC
Building Class C
Year Built 1956
Cap Rate 8.73 %
Tenancy Multiple

0 Transit Score

60 Walk Score

                
                    Highlights
                
                                Multi-Tenant Value-Add Office Investment – Main & Main Downtown Location
                            
                                Government-backed State of Oklahoma Tenants – Long-Term Stability
                            
                                Short-Term Leases – Opportunity to Increase Value Through Below Market Rents
                            
                                US Hwy 270 (Oklahoma Ave) and State Highway 34 (9th St) – Combined Traffic Counts of 30,700 CPD (Cars Per Day)
                            
                                Delivered Free & Clear of Debt – Huge Upside Opportunity
                            
                                Nearby businesses include Walgreens, AutoZone, McDonalds, Walmart Supercenter, Arby's, Carls' Jr, Dollar General, Dollar Tree, NAPA Auto, Hampton Inn

Property Flyers

Arda Building_Multi-Tenant Value-Add_Woodward, OK OM

Financial Summary (Actual)

Net Operating Income: $50,221 USD (2023)

Cap Rate:	8.73 %
Total Expenses:	$83,936 USD

Major Tenants

Tenant	SF Occupied	Lease End Date
Rick Philips Insurance LLC	1,180 SF
State of Oklahoma Department of Mental Health & Su	10,159 SF	6/30/2025
Western Oklahoma Workforce Development Board	1,822 SF

Spencer O'Donnell 714-400-6267 Charter Realty Company

1222 10th St Woodward, OK 73801