For SaleDownload Flyer
Decker Center - 1200 S Air Depot
Decker Center is a 36,365 square foot neighborhood center with great tenant mix. The center is 94% occupied with a stable rent roll. Decker Center is located at 1200 S. Air Depot Boulevard in Midwest City, Oklahoma. The Midwest City economy is heavily dependent upon tax dollars via Tinker Air Force Base, the largest single-site employer in Oklahoma. Tinker is being faced with an increasing workload and natural attrition, Tinker Air Force Base is trying to hire 1,000 people in 100 days for jobs at it aircraft maintenance center (Nov. 2015). The thriving need for retail and continued economy growth in Midwest City, this should prove to be a good long term investment for an investor.
• 94% occupied
• Upside in rental rates
• Price PSF below market prices
• Tinker Air Force Base less than one mile from center
• Midwest City is a thriving market
• Center with great curb appeal
Decker Center is located at 1200 S. Air Depot Boulevard in Midwest City, Oklahoma. The property is between Reno Avenue and SE 15th Street one of Midwest City's busiest intersections. The property is one mile north of Tinker Air Force Base. Midwest City, Oklahoma, in Oklahoma county, is 6 miles E of Oklahoma City, Oklahoma. The city is located in the Oklahoma City metropolitan area. Midwest City has a population of 54,773. The City spans the area north of Tinker Air Force Base in east/southeast Oklahoma City. It covers the 25 square miles north as far as NE 36th Street, west to Sooner Road and east beyond Anderson Road. Major north/south roads include Sooner, Air Depot Blvd., Midwest Blvd. and Douglas Blvd.
Sales Price: $4,000,000
CAP Rate: 8.51%
Building Size: 36,365
Lot Size: 3.147 Acres
Price Per SF: $110
Year Built: 1982