TITLE:
INTERSTATE HIGHWAY SITE
CONTROL:
Partner
VALUE:
$875,000
LOAN:
$0
EQUITY:
$875,000
TYPE:
Land
HAVE:
4.75 Acres located at an interchange on I-44 on the southwest side of Tulsa. Zoned for commercial and the City is offering incentives for development.
ADDRESS:
9600 South New Sapulpa Road, Sapulpa, Oklahoma
BENEFITS TO NEW OWNER:
Excellent site for highway commercial use. City is supportive of development.
GROSS SCHEDULED INCOME:
$0
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$0
EXPENSES:
$1,000
NOI:
$-1,000
DEBT SERVICE:
$0
CASH FLOW:
$-1,000
CAP RATE:
0.00%
BENEFITS SOUGHT:
Take profit and move on or would consider using the equity to go into another property - either up or down.
CAN ADD:
Some Cash
REMARKS:
The City of Sapulpa has offered several incentives for a developer on this site. They are supportive of a hotel development
COUNSELOR:
Bill Richert
Richert Properties, Inc.
P.O. Box 2352
Tulsa, Oklahoma, 74101
