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Prairie Field Services 3019 Salt Creek Hwy 23,400 SF Industrial Building Casper, WY 82604 $4,917,429 ($210.15/SF) 7.10% Cap Rate
Executive Summary
Prairie Field Services is a growing operator within the oilfield logistics and transportation sector, supporting critical infrastructure across major domestic energy basins. The tenant’s operations serve essential production activities, positioning the asset within a resilient industrial segment tied to long-term U.S. energy demand.
24/7 OPERATIONS IN CORE U.S. ENERGY BASINS
Prairie Field Services operates 24 hours a day, 365 days a year in some of the nation’s most important and productive energy-producing regions, including Wyoming’s Powder River Basin and the southwest region Delaware Basin. These established production corridors drive consistent operational demand and reinforce the tenant’s long-term occupancy needs.
DIVERSIFIED SERVICE PLATFORM ENHANCING REVENUE
The company has expanded operations through the launch of a dedicated water hauling division, enhancing revenue diversification and strengthening operational integration within oilfield logistics services. This expansion supports continued growth and operational scalability.
NNN LEASE STRUCTURE
Tenant operates under a NNN lease structure, making this an easy asset to manage.
CORPORATE LEASE GUARANTY
Lease obligations are backed by a corporate guaranty, enhancing credit support and strengthening income reliability throughout the lease term.
SCHEDULED RENT INCREASES
Contractual 2% annual rent escalations provide steady income growth and a hedge against inflation, supporting long-term value preservation and improving yield performance over time.
STRATEGIC LOCATION
Situated adjacent to Interstate 25, the property offers strong visibility and convenient regional access, supporting efficient logistics operations while benefiting from traffic exposure along a primary transportation corridor.
NO STATE PERSONAL INCOME TAX
Wyoming imposes no state personal income tax and offers a business-friendly tax environment.
Broker of Record:
Gerard Kelly
Vice President
Continental Real Estate Group, Inc
WY LIC #271600
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Transportation and Warehousing
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- -
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Jan 0000
Prairie Companies was founded in 2011 by Patrick Hughes. Over the years, the company has navigated the oil booms and busts to grow into a thriving business. In 2015, Prairie expanded into the Powder River Basin of Casper, WY. The company launched its water business in 2018 and began hauling in the Delaware Basin in Orla, TX. In 2022, Prairie moved its Delaware Basin operations to Artesia, NM, to better serve the needs of customers in the Permian Basin. In 2023, the company added operations in the Uintah Basin. Today, Prairie Field Services remains a growing leader in the logistics and transportation industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Transportation and Warehousing | - | - | Jan 0000 |
Presented by
Prairie Field Services | 3019 Salt Creek Hwy
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