JUST SOLD! - Ethan Allen

Retail Investment SOLD - December 21st, 2017

• Sold Price: $2,000,000

• Price Per SF: $ 152.25

• Occupancy: 100%

• Lot Size: 2.548 Acres

• Year Renovated: 1999

• Building Size: 13,136 SF
   
• Market: Oklahoma City

Property Overview

Ethan Allen Global, Inc. is an American furniture chain with almost 300 stores across the United States, Canada, and the United Kingdom. Ethan Allen has 295 Design Centers and Studios, six manufacturing facilities including two sawmills, six wholesale distribution centers, 29 retail service centers, one hotel, and sales of $980 million located across the United States. It is one of the largest furniture companies in the United States.
The company makes customized furniture domestically ( Maiden, NC ), such as upholstered furniture, sofas, and chairs, custom made in a selected fabric. Overall domestic manufacturing of Ethan Allen products stands at 65% with goals to raise this to 70% with the release of the new American Artisan line.
The property is a one story, free-standing retail building with lease-able building area of 13.136 square feet. The building was constructed in 1999-2000 with steel frame and walls and EFIS exterior finish with the decorative molding around the top of the building.

Location Overview

This commercial parcel has frontage along the east side of S. Portland Ave. between Reno Ave. and I-40. The site is a total of 1.5475 acres and has been raised about 2 feet above grade to insure storm water drainage away from the building and parking lot. On the east side of the property is about 5,000 sf of land that could be developed with additional building. 

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