Elk City Industrial Investment
For Sale
$3,630,007
2007 S Merritt Road, Elk City, OK 73644
Industrial property in Elk City, Oklahoma, with attractive lease terms.
Days on Market146
Property Features for 2007 S Merritt Road
General Information
Standard status
Active
Property subtype
Office
Listing Agency:
Price Edwards and Company - Oklahoma City
(405) 408-5449
Listed By:
Danny Rivera
(405) 408-5449
Source:
Tcnworldwide
Added: Mar 6
Changed: Jul 10
Last Checked: Jul 30 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Price Edwards and Company - Oklahoma City
Investment Insights
Based on property information with market context.
This industrial property is located in Elk City, Oklahoma, approximately 115 miles west of Oklahoma City, with easy access from I-40 and 8 miles from the Elk City Regional Airport. The property features multiple buildings, a conference and training room, and a fenced concrete and asphalt yard. It includes 12 drive-in power doors, each measuring 12'x16', and offers a 16' clear height and free span construction. The property is equipped with one 10-ton crane, T-5 lighting, and radiant heat tubes. The tenant, Great White Energy Services, is responsible for all repairs and improvements under an absolute NNN lease. The lease includes two five-year renewal options under the same terms and conditions as the original lease, with attractive annual rental increases. Great White Energy Services is an Oklahoma City-based, wholly-owned subsidiary of Archer Limited, an international oilfield service provider, and leases 16 buildings throughout Oklahoma, Texas, Wyoming, Michigan, and West Virginia. Great White provides pressure control services, directional drilling, and pressure pumping to mid-size exploration and production companies.
Key Highlights
- Absolute NNN lease: Tenant handles all repairs and improvements.
- Tenant is Great White Energy Services, a subsidiary of Archer Limited (OSE: ARCHER), offering stable income.
- Attractive annual rental increases, ensuring growing returns.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 73644, OK
14,198
Population
7,256
Households
2
Avg Household Size
36
Median Age
17%
College-Educated
90%
High-School Grad
185.2 sq mi
ZIP Area
77
Density / Sq Mi
$51,774
Median Household Income
$36,620
Median Earnings
$844
Median Rent
$167,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial property in Elk City, Oklahoma, with attractive lease terms.
Where is this flex space located?
The property is located at 2007 S Merritt Road Elk City, OK.
What is the asking price?
The asking price for this property is $3,630,007.
What are key features of this property?
This property features: Absolute NNN lease: Tenant handles all repairs and improvements.; Tenant is Great White Energy Services, a subsidiary of Archer Limited (OSE: ARCHER), offering stable income.; Attractive annual rental increases, ensuring growing returns.
