Duong Investment Group

Winsupply Anchored Industrial Investment

813 South Perkins Road

Property Description

Price: $2,750,000
Price Per/SF: $114.58
Cap Rate: 6.80%
Gross Leasable Area: ±24,000 SF
Year Built: 2008

Investment Highlights

Winsupply is a Leading Supplier of Residential and Commercial Construction and Industrial Supplies with Revenues Exceeding $5 Billion

Offered at a 6.80% Cap | Winsupply Annual Rent/SF of Just $6.68 (More than 50% Below Market Rent)

Pride of Ownership Property in Stillwater, OK – Stillwater is Home to the Main Campus of Oklahoma State University (Over 25,000 Students), as well as Northern Oklahoma College Over 2,000 Students)

Contact Information

James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
james.andrews@marcusmillichap.com
License: CA 02115272

Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643

Additional Information

Industrial Property in Excellent Condition

  • Constructed in 2008 for Winsupply as a Relocation Store Due to the Need for a Larger Building
  • Well-Maintained Property with Excellent Curb Appeal
  • Strong Exposure on South Perkins Road with Traffic Counts Exceeding 14,000 Cars Per Day | Located Just Minutes from Oklahoma State University

100% Occupied | Strong Tenancy History

  • Anchored by Winsupply – Known as “The Winsupply Family of Companies,” is a Privately Held Company that has Collective Sales of $5.5 Billion among 630 Wholesaling Locations in 45 States
  • Winsupply has Occupied the Subject Property Since 2008 and has Consistently Renewed Their Lease, Proving Their Commitment to this Location
  • P&D Auto Hail Center has 5 Locations in both Texas and Oklahoma

 

Pride of Ownership Property in Stillwater, OK

  • Stillwater’s Unique Submarket has Limited Properties with Industrial Zoning, Resulting in Extreme Demand and the Ability to Command Higher Rents for Industrial Space
  • Dense, Infill Area with Over 50,000 Residents within 5 Miles of the Subject Property
  • Stillwater is Home to the Main Campus of Oklahoma State University (The City’s Largest Employer with Over 10,000 Employed) as well as Northern Oklahoma College, Meridian Technology Center, and the Oklahoma Department of Career and Technology Education

Broker of Record: Timothy Speck, Lic. OK 149994