This property was previously a 40,000 sf warehouse which has been re-purposed for climate-controlled storage. Taking advantage of the high ceiling clearance, two additional stories of storage units were added for a total of 1,075 units. This location is in the heart of downtown Tulsa, close to the BOK Center, and is used for paid parking during events. The renovation is complete and is currently being leased up.
As of June 30th, 2022 this property is 50.2% leased.
119 W 1st St, Tulsa, OK 74103
Returns shown are derived from developer projected data. There are many factors that can cause the numbers to be higher or lower than illustrated including time, material and labor costs, rent and operating cost projections as well as interest rates. Potential property level returns will not be indicative of fund returns, due to many factors, which include, but are not limited to, hold period per project, concentration, and management fees. Nothing contained on this site should be construed as tax advice. Please consult your tax professional for specific tax advise. We are happy to visit with your tax professional to discuss Opportunity Zone specific regulations and how they may benefit you. Investments in real estate contain risks that should be understood before investing. The information on this site does not constitute an offering. An offering may only be made by the funds official PPM. Please contact us if you have questions about Opportunity Zone investing or to determine if you qualify to receive offering materials.
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