Lawton Offering Memorandum


Jordan Dickman
First Vice President Investments
Cincinnati Office
D. 513.878.7735
jordan.dickman@marcusmillichap.com
Nick Andrews
First Vice President Investments
Cincinnati Office
D. 513.878.7741
nicholas.andrews@marcusmillichap.com
Austin Sum
Senior Associate
Cincinnati Office
D. 513.878.7747
austin.sum@marcusmillichap.com
“OUR COMMITMENT IS TO HELP OUR CLIENTS CREATE
AND PRESERVE WEALTH BY PROVIDING THEM WITH
THE BEST REAL ESTATE INVESTMENT SALES, FINANCING, RESEARCH AND ADVISORY SERVICES AVAILABLE.”
THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers.
JORDAN DICKMAN
FIRST VICE PRESIDENTS DIRECTOR, NMHG
NICK ANDREWS
FIRST VICE PRESIDENTS DIRECTOR, NMHG
AUSTIN SUM
SENIOR INVESTMENT ASSOCIATE
JD SCHMERGE INVESTMENT ASSOCIATE
BRIAN JOHNSTON INVESTMENT ASSOCIATE
TIM VANWINGERDEN INVESTMENT ASSOCIATE
AUSTIN Hall INVESTMENT ASSOCIATE
ALDEN SIMMIS INVESTMENT ASSOCIATE
SAM PETROSNIO
VALUATION & RESEARCH
LIZ POPP
MIDWEST OPERATIONS MANAGER
JOSH CARUANA
VICE PRESIDENT
REGIONAL MANAGER
INDIANAPOLIS | CINCINNATI | LOUISVILLE | ST LOUIS | KANSAS CITY
JOHN SEBREE
SENIOR VICE PRESIDENT
NATIONAL DIRECTOR
NATIONAL MULTI HOUSING GROUP
MICHAEL GLASS
SENIOR VICE PRESIDENT
MIDWEST DIVISION MANAGER
NATIONAL DIRECTOR, MANUFACTURED HOME COMMUNITIES GROUP
SKLYER WILSON
CLIENT RELATIONS MANAGER
BRITTANY CAMPBELL-KOCH
DIRECTOR OF OPERATIONS
ALEX PAPA
MARKETING COORDINATOR
Property Address: 5348 Northwest Cache Road
City, State, Zip: Lawton, OK
Year Built: 1965
Number Of Units: 68
Rentable Sqft: 47,100
Number of Buildings: 4
Lot Size (Acres): 3.67
Occupancy: 97%
Foundation: Foundation
Framing: Wood
Roof: Pitched Composiiton Shingles
Wiring: Copper
Heating/Cooling: Electric
Exterior: Brick
UTILITIES
Electric: Tenant Paid
Gas: Property Paid
Water / Sewer Property Paid
Trash: Property Paid
Property Address: 20 Northwest Mission Blvd
City, State, Zip: Lawton, OK
Year Built: 1970
Number Of Units: 152
Rentable Sqft: 112,272
Number of Buildings: 13
Lot Size (Acres): 4.50
Occupancy: 89%
Foundation: Poured Slab
Framing: Wood
Roof: Flat
Wiring: Copper
Heating/Cooling: Electric
Exterior: Brick
UTILITIES
Electric: Tenant Paid
Gas: Property Paid
Water / Sewer Property Paid
Trash: Property Paid
Property Address: 1401 Southwest B Ave
City, State, Zip: Lawton, OK
Year Built: 1978
Number Of Units: 164
Rentable Sqft: 95,480
Number of Buildings: 12
Lot Size (Acres): 4.96
Occupancy: 84%
Foundation: Poured Slab
Framing: Wood
Roof: Pitched Composition Shingle
Wiring: Copper
Heating/Cooling: Electric
Exterior: Wood/Brick
UTILITIES
Electric: Tenant Paid
Gas: Property Paid
Water / Sewer Property Paid
Trash: Property Paid
*Calculated as a percentage of Gross Potential Rent | **Calculated as a percentage of Effective Gross Income
Lawton, approximately 85 miles southwest of Oklahoma City and 55 miles north of Wichita Falls, TX. The Properties are strategically located within the city, minutes to Interstate 44 and U.S. Highway 62 intersection, two of the region’s major thorough fares. Lawton has an unemployment rate of 4.2%.
The US average is 6.0% The Lawton MSA has a current population over 126,000 and is anchored by the Fort Sill Army Base which is the largest employer in the MSA, with nearly 40,000 military personnel, and the fifth largest in the state, contributing approximately $2.3 billion to the local econo-
my. Lawton allow for unique cultural experiences, including the Museum of the Great Plains, the Fort Sill Museum, and the Comanche National Museum and Cultural Center.
Lawton is home to the Apache Casino and Comanche Nation Casino, and you can catch a live performance at McMahon Memorial Auditorium. Lawton is also known for its hiking the trails and wildlife. At the Wichita Mountains Wildlife Refuge, you can see Bison roaming freely in the wild.
At the beginning of April 2021 Goodyear took part in a ground breaking ceremony for a $50 million expansion of the plant. The expansion will add 45,100 square feet to the 2.94-millionsquare-foot facility. The Lawton plant is just one of 46 facilities in 21 countries for the Akron, Ohio-based tire company, one of the largest tire companies in the world. About 3,000 of Good year’s 62,000 employees work at the Lawton facility. Since the Lawton plant was built for $216 million in the late 1970s, Good year has continually invested in modernization and expansion projects, over the years investing more than $1 billion in the facility. Goodyear’s Lawton plant is the largest manufacturing facility in the state.
The company’s commitment to investing in modernization has helped it weather the storm of COVID-19, according to the com pany’s financial statements. Production was temporarily halted for a week at the Lawton plant and throughout the Americas around this time one year ago, as a result of the “sudden de cline in market demand resulting from the spread of COVID-19,” according to a corporate press release. Since inception, they have continued operations through two world wars, econom ic depressions, cycles of recession and political and cultural change worldwide. In every instance, they adjusted to the dy namic conditions and emerged stronger.
• Military first came to Comanche County in 1834. In 1851 Captain Randolph Marcy first suggested building a fort. Following the Civil War, Colonel Benjamin Grierson and the Buffalo Soldiers constructed the old post site named Camp Wichita in 1868. In 1869 permanent buildings were erected and the name changed to Fort Sill. It is the namesake of Brigadier General Joshua Sill, a West Point graduate killed at the battle of Stones River, TN in 1862. Fort Sill maintains the holding cell and grave of Chief Geronimo, the famous Chiricahua Apache warrior.
• Home to the Field Artillery Training Command, Fort Sill is located in Comanche County, Southwest Oklahoma, adjacent to the city of Lawton and 90 miles Southwest of Oklahoma City. All soldiers in Field Artillery receive skills training at Fort Sill. US Marines and international students from allied nations are also trained there.
• As the artillery training center for the US Army and Marines they train day and night to put “steel on target.” Fort Sill’s approach to training and preparedness makes it one of the best Army training posts and the largest field artillery complex in the free world. The two major commands are FORSCOM (Forces Command) and TRADOC (Training and Doctrine Command).
• Military first came to Comanche County in 1834
• Occupies 146 square miles
• Current population: 53,000
• 20,000 military and civilian personnel
• 33,000 military family members