1002 Sooner Trend 8,000 SF Industrial Building Enid, OK 73701 $1,148,000 ($143.50/SF) 9.42% Cap Rate

EXECUTIVE SUMMARY

• Strong National Tenant - Q2 Artificial Lift Services is rapidly growing leader of artificial lift products and services, supporting oil and gas producers across North America. The company operates a network of over 40 strategic locations, ensuring responsiveness and reliability in energy-driven markets.

On March 19th, 2025, Q2 Artificial Lift Services completed its acquisition of Lufkin Industries’ North America Downhole (“NAM Downhole”) business including all Lufkin pump shops across Canada and the U.S., as well as key manufacturing operations in Red Deer, Alberta and Midland, Texas. For over 120 years, Lufkin has been a globally recognized leader in surface pumping and automation solutions for the oil and gas industry, with operations in over 80 countries.

• Passive Industrial NNN / 3% Annual Increases - Q2 Artificial Lift Services occupies this site under an Industrial NNN lease offering passive income and limited landlord responsibilities. The lease is structured with scheduled 3% annual rent escalations allowing a strong hedge against inflation.

• Functional Low Coverage IOS Facility – This highly functional ±8,000 SF. industrial facility is situated on ±3.00 AC of land (6.12% building/lot coverage) allowing for significant industrial outdoor storage (IOS) capabilities, which is one of the most sought-after asset classes in today’s market.

• Prime Positioning in a Key Energy Corridor – The subject facility is strategically positioned within an industrial corridor that caters to energy, manufacturing, and agricultural sectors and surrounded by credit tenants including, FedEx Ground, M&M Supply, ABC Supply, and Amazon. Enid, OK is a major regional hub for oilfield services and energy logistics. Its proximity to the SCOOP/STACK/Merge (the prolific oil & gas plays located in Oklahoma’s Anadarko Basin, one of the most productive basins in the U.S.) makes this location an ideal base of operations for upstream gas activity and supports rapid field responses & equipment deployment across northern and western Oklahoma, where artificial lift systems and oilfield maintenance services are in constant demand. The facility benefits from established road infrastructure with access to U.S. Highway 412 and U.S. Route 81, ensuring reliable connectivity for regional service routes and logistical efficiency.

PROPERTY FACTS

Price $1,148,000
Price Per SF $143.50
Sale Type Investment NNN
Cap Rate 9.42%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 3.00 AC
Rentable Building Area 8,000 SF
No. Stories 1
Year Built 2013
Tenancy Single
Clear Ceiling Height 18’
No. Drive In / Grade-Level Doors 6
Opportunity Zone Yes

AMENITIES

  • Fenced Lot
  • Yard

UTILITIES

  • Gas - Natural
  • Water - City

PROPERTY TAXES

  • Listing ID: 36216743

  • Date on Market: 6/11/2025

  • Last Updated:

  • Address: 1002 Sooner Trend, Enid, OK 73701