Government Leased Property for Sale EL RENO...

Tim Strange, CCIM, SIOR 405.605.6628 / [email protected] Phillips, CCIM, SIOR 480.837.6028 / [email protected]

MORE INFORMATIONAVAILABLE ONLINE:

Property Snapshot

www.newmarklsb.com

Sale Price $525,000Lot Size 0.94 ACRESBuilding Size 9,389 SF

Government Leased Property for Sale

203 N. EVANS AVENUE, EL RENO, OKEL RENO POST OFFICE

• US Postal Service lease $4291.66 / mo., 5 yr. option 10/01/2019 $4506.25 / mo.

• Post Office in the building for 35 years

• New TPO roof with 20 year transferable warranty installed Sept. 2017

• 2017 NOI $46,786 MG after capex

The information contained herein was obtained from sources believed reliable; however, Newmark Grubb Levy Strange Beffort makes no guarantees, warranties or representations as to the completeness or accuracythereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions prior to sale or lease, or withdrawal without notice. Independently Owned and Operated.

OKLAHOMA CITY ARIZONA OFFICE12558 N. Fountain Hills Blvd.Fountain Hills, AZ 85268480-837-6028

204 N. Robinson, Suite 700Oklahoma City, OK 73102405-840-1500www.newmarklsb.com

Property Overview

Property Highlights

DetailsSale Price $525,000

Lot Size 0.94 Acres

Building Size 9,389 SF

Year Built 1965

Renovated 2017

Market El Reno

Sub Market CBD of El Reno

Cross Streets Highway 81 and EastHayes

Post Office in this building for 35 yearsPrime location in downtown El Reno, across from the County CourthouseLocal economy strong due to oil and gas businessNew HVAC installed February 2017Replaced suspended ceiling July 2017Repainted 100% of interior July 2017



• US Postal Service lease $4291.66 / mo., 5 yr. option 10/01/2019 $4506.25 / mo.

• Post Office in the building for 35 years

• New TPO roof with 20 year transferable warranty installed Sept. 2017

• 2017 NOI $46,786 MG after capex





203 N. EVANS AVENUE, EL RENO, OKEL RENO POST OFFICEGovernment Leased Property for Sale


TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

ANNUALRENT

% OFBUILDING

PRICEPer/SF/YR

US Postal Service 1 9,389 10/1/2014 9/30/2019 $51,452 100.0 $5.48

Option - UP Postal Service 1 9,389 10/1/2019 9/30/2024 $53,987 100.0 $5.75

Totals/Averages 18,778 $105,439 $5.62






Special Purpose For Sale

1 Mile 3 Miles 5 Miles

Total Population 6,829 14,182 15,804

Population Density 6,829 14,182 15,804

Median Age 31.6 32.6 33.2

Median Age (Male) 30.1 30.6 31.2

Median Age (Female) 34.2 35.3 36.1

Total Households 2,438 5,146 5,689

# of Persons Per HH 2.8 2.8 2.8

Average HH Income $43,140 $47,976 $49,177

Average House Value $147,489 $147,414

Demographics Snapshot






TIM STRANGE, CCIM, SIORPresident

Newmark Grubb Levy Strange Beffort204 N. Robinson, Suite 700Oklahoma City, OK 73102

T 405.605.6628

[email protected]

C 405.413.8467F 405.602.2654

Professional BackgroundExpertise• Sales and Leasing of Office Buildings• Government-Leased Investment Sales (GSA) and Veterans Affairs (VA)

Summary of Qualifications• 30 years of commercial brokerage experience• 15 years of development and construction experience• Career sales volume of over $1 Billion• Sold and leased over 8 million square feet• Active member of and contributor to the CRE and GSA industries

Tim Strange serves as the president of Newmark Grubb Levy Strange Beffort, specializingin investment sales of properties throughout the U.S. For the past six years, his focus hasbeen on federal government leased properties to the General Services Administration(GSA) and Veteran’s Affairs (VA). Mr. Strange has 32 years of experience and has closedover $1 billion in sale and leasing transactions over the past ten years. He was profiled inthe book "Brokers Who Dominate, 8 Traits of Top Producers.”

Mr. Strange has represented such clients as Robert Jones with Rainier Realty Acquisitions;Trey Ayers with Dominion Group; Mukang Cho with In-Rel Properties; and Sean Bannonwith Zurich Asset Management.

Prior to joining Newmark Grubb, Strange served as Managing Director of Sperry Van Ness /William T. Strange and Associates for 9 years. While at Sperry Van Ness, Strange wasrecognized as the number one broker in the company (of over 950) in 2010, and he was aPartner’s Circle winner for six years. Strange was named SVN Humanitarian of the year in2005 and Ambassador of the year in 2010. In 2011 William T. Strange and Associates wasthe 93rd fastest growing inner city company in the nation by ICIC and was recognized forthree years (2010, 2011 and 2012) as one of OKC’s Fastest Growing Private Firms in theMetro Top 50.

Memberships & AffiliationsFormer President• Rotary Club of OKC, the largest Rotary club in the world with over 650 members• Oklahoma CCIM• Oklahoma SIOR• Commercial Real Estate Council - OKCFormer Director• OKC Chamber of Commerce• Central OK Transportation & Parking Authority• Last Frontier Council of the Boys Scouts of AmericaMember• Certified Commercial Investment Member (CCIM)• Society of Industrial and Office Realtors (SIOR)• Leadership Oklahoma City Board• 2013-2015 Program Co-Chair for LOYAL of Leadership OKC• Economic Club of OKC

MARK PHILLIPS, CCIM, SIORVice President

Newmark Grubb Levy Strange Beffort12558 N. Fountain Hills,Fountain Hills, AZ 85268

T 480.837.6028

[email protected]

C 480.837.6028F 866.458.8582

Professional BackgroundExpertise• Government-Leased Investment Sales (GSA)• Industrial and Office Sales and Leasing

Summary of Qualifications• 25 years of commercial brokerage experience• 10 years of development and construction experience• Career sales volume of over $500 million• Sold and leased over 7 million square feet• Accredited and award-winning broker• Active member of and contributor to the CRE and GSA industries

Mark Phillips, CCIM, SIOR, serves as Vice President of Newmark Grubb Levy StrangeBeffort, specializing in government-leased investment sales and office and industrialinvestments. Over his more than two decades in the commercial brokerage industry, Phillipshas sold and leased more than 7 million square feet in transactions valued in excess of$500 million.

In the complex GSA sector, Philips has established himself as a knowledgeable expert andcontinues to complete government-leased property sales across the nation. His office andinvestment deals are equally notable, and leverage both national and local networks tomaximize client value.

Prior to joining Newmark Grubb, Phillips served as Vice President of Sperry Van Ness,where he was responsible for initiating and building the Office and Industrial Division of thePhoenix Sperry Van Ness Office.

Other positions include serving as Senior Vice President of NAI Horizon, specializing ininvestment sales, and serving as a senior associate for Colliers L&A in Philadelphia, PA.While at Colliers, Phillips secured the largest management and leasing assignment in thehistory of the company through Northwestern Mutual Life Insurance.

Memberships & AffiliationsCertified Commercial Investment Member (CCIM)Society of Office and Industrial Realtors (SIOR)Turnaround Management AssociationFederal Real Property Association

Government Leased Property for Sale EL RENO...

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