5817 Baldwin Ln | Williston, ND 58801
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5817 Baldwin Ln
Williston, ND 58801
Patriot Pump, a LUFKIN Company · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- LUFKIN Industries, Inc., a portfolio company of KPS Capital Partners, LP, is a leading global provider of rod lift solutions to the oil & gas industry
- After acquiring Patriot Pump in 2021, LUFKIN merged their pre-existing operations in Williston into this facility, solidifying their site commitment
- Located 10 minutes from the $275M Williston Basin Intl Airport, which was designed handle increased demand for travel to the Bakkan Shale
- LUFKIN is operating under a 7-year NN lease, featuring approximately 2.2 years of remaining term and three (3) one-year renewal options
- Williston sits atop the Bakken oil formation, which produced 1.15 million b/p as of March 2023, making ND the 2nd largest oil-producing state
- Williston's labor force is largely comprised of blue-collar workers, representing 40% of employees, who earn a median HH income of $95,080
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 15,000 SF |
| Property Subtype | Warehouse | No. Stories | 1 |
| Building Class | B | Year Built | 2013 |
| Lot Size | 2.50 AC | Tenancy | Single |
| Zoning | Commercial | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.50 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built | 2013 |
| Tenancy | Single |
| Zoning | Commercial |
PROPERTY TAXES
| Parcel Number | 46-155-01-28-04-017 | Improvements Assessment | $732,955 |
| Land Assessment | $81,250 | Total Assessment | $814,205 |
PROPERTY TAXES
Parcel Number
46-155-01-28-04-017
Land Assessment
$81,250
Improvements Assessment
$732,955
Total Assessment
$814,205
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