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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

Location Description:
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.

Property details:
Sales Price: $4,000,000
CAP Rate: 8.51%
NOI: $340,538
Building Size: 36,365
Lot Size: 3.147 Acres
Price Per SF: $110
Year Built: 1982


Property Info

Title: Decker Center - 1200 S Air Depot
Property Name: Decker Center
Type: Retail For Sale
Address: 1200 S Air Depot
City: Midwest City
State: Oklahoma
Zip: 73110
Sub-Market: Eastern OK County
Sq. Feet: 36,365
Acres: 3.147
Price: $4,000,000
Price/Sq. Feet: $110.00
Flyer/Floor Plan: Download
Floors: 1
Year Built: 1982
Occupany: 94%
Cap Rate: 8.51%
Zoning: Commercial Retail
Net Operating Income: $340,538

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Price Edwards & Company is proud to be the leader in Oklahoma commercial real estate. We are a full service firm headquartered in Oklahoma City. Formed in 1988. We employ approximately 150 professionals in Oklahoma City, Oklahoma providing a wide range of commercial real estate services.