Eurochem North America

Office

3227 E. 31st Street Tulsa, OK
Price:
$ 5,085,000
Property Size:
16,656 sqft
Cap Rate:
6.50
NOI:
$ 330,507
Lot Size:
0.86 acres
Units:
1
Year Built:
2019
Status:
Sold

Brand New Retrofit
The Subject Property is approximately 16,656 SF and is a true Class A, Single-Tenant office building that was completely redeveloped in late 2019. This property serves as the North American headquarters for EuroChem and is utilized as a sales office. This is one of two sales offices located in the United States.

Strong Credit Tenant
EuroChem is a global company that is headquartered in Switzerland and was founded in 2001. They have over 27,000 employees and are the 4th largest (by Revenue) company in their respective field of producing fertilizers.

Urban Infill Location
Located in the heart of midtown Tulsa, there are over 90,000 people and 43,000 households within 3-miles of this property.

Above Market Annual Rental Increases
There are scheduled 4.40% Annual Rental Increases providing for substantial rent growth throughout the primary lease term.

Net Lease with No Landlord Expenses
Per the lease agreement, the Tenant is responsible for reimbursing 100% of all operating expenses. In addition, the Tenant pays a 3.79% (of Annual Rent) property management fee.

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535
Jerry Hopkins
Executive Managing Director
918.878.9536
Ken Hedrick
Executive Managing Director
918.878.9540

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