Skiatook Oklahoma Future Development Site
• The 129 acre site is adjacent to interstate hwy 75 with an on and off ramps to the immediate west for north and south access.
Highway 20 Council Notes:
- work in conjunction with city of Skiatook to extend Harvard south to 126th street to provide to hard corners
- hooded left turn already on property with preliminary talks of installing new stop light at Harvard extension
- City of Skiatook will provide full sewer and power access with possible substation installed of Harvard extension to meet and exceed all eventual power needs
-Rural water district already has large transmission line in place that was designated for 145 lot residential development that was in the original land plan for this property
-City of Skiatook has preliminarily agreed to give mixed use access of property consisting of Multi -family residential, General Commercial, and Industrial zoning designations
• We are now looking to purchase the Northwest 10 acres of the property in the attached due to the zoning not being commercial, but residential, and a creek running through it.
• This site is a prime site is Currently zoned as Residential and M1 Commercial Development
•
!"##$%&'( )# &$*+, -$&#* .$/$')0+$%& 1%23 *%4 5&6 0*#&%$#6 7*/$ 8"'' 2)%&#)' )8 9:;39 <2#$6 )8 0#5+$ *%4 =#)>5%= 4$/$')0+$%& #$*' $6&*&$ >5&7 ?)%5%= *%4 5% 0#)=#$66 ?)%5%= *6, !)++$#25*', @$654$%&5*' *%4 AB. 5% CD5*&))D *%4 -"'6* EF3 E8 >7527 >$ *#$ 0#$0*#5%= '*%4 0'*%6 8)# 5++$45*&$ 4$/$')0+$%&3 G$ *'6) 2"##$%&'( 7*/$ &7$ 8"'' 2))0$#*&5)% )8 &7$ ')2*' &)>%67506 *%4 &7$ 25&( )8 -"'6* &) *>*#4 "6 *%( $%&5&'$+$%&6 #$H"5#$4 &) 4$/$')0 &7$6$ 65&$6 &) 5&6 8"''$6& 0)&$%&5*'3
PROJECT DESCRIPTION AND TERM SHEET
Property Description:
Tulsa Property, of 187 acre site was zoned as agricultural. We have currently zoned the property as PUD Commercial and Light industrial. The property cost for the project is as listed:
• Land Acquisition: 187 Acres @ $300,000.00 per acre = $56,100,000
• Infrastructure cost: 187 Acres of Grading, Roads, Retention, Sewer, Water, utilities and Green Space = $58,874,320.00
• Retail Space: Construction Cost of approximately 150,000 sf @ $275.00 psf = $41,250,000.00
• Warehouse Space: Construction Development Cost of approximately 1,675,000 sf @ $150.00 psf = $251,250,000.00
• Restoration of existing roads: Construction Cost for Road Restoration = $1,200,000.00
PROJECT GRAND TOTAL………………. $408,674,320.00 LEASE READY PROPERTY
Skiatook Property, of 129 acre site was zoned as agricultural. We have currently zoned the property as PUD Commercial, Residential and Light industrial. The property cost for the project is as listed:
• Land Acquisition: 129 Acres @ $175,000.00 per acre = $22,575,000.00
• Infrastructure cost: 129 Acres of Grading, Roads, Retention, Sewer, Water, utilities and Green Space = $40,613,835.00
• Retail Space: Construction Cost of approximately 75,000 sf @ $275.00 psf = $20,625,000.00
• Warehouse Space: Construction Development Cost of approximately 575,000 sf @ $150.00 psf = $86,250,000.00
• Residential: 100 Home site @ $250,000.00 = $25,000,000.00
• Restoration of existing roads: Construction Cost for Road Restoration = $200,000.00
PROJECT GRAND TOTAL………………. $195,263,835.00 LEASE READY PROPERTY
GRAND TOTAL BOTH PROJECTS ……………….. $603,938,155.00
TOTAL SOFT COST ………………………………… $575,500,000.00
GRAND DEVELOPMENT TOTAL …………………$1,179,438,155.00
