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Opportunity Zone

Former Eseco Headquarters

LIGHT INDUSTRIAL 42,936SF BUILDING WITH DOCK DOORS AND LARGE OFFICE SPACE

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Active

Asking Price: $850,000
Address 

624 E Eseco Rd, Cushing, OK 74023

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Date Added
Oct 1, 2022
Days on Market
989 days
Time Since Last Update
48 days

Details

Property TypeIndustrial
SubtypeDistribution, Manufacturing, Warehouse
Investment TypeRedevelopment
TenancyVacant
Lease Term3 years
Square Footage42,693
Units4
Year Built1974
Buildings4
ZoningLight Industrial II
Lot Size (sq ft)6.77
Broker Co-OpYes
APN17N05E103CZ9990000510
Loading Docks5
IntelligenceINTELLIGENCE
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Marketing Description

**Exceptional 42,693 SF Industrial Facility on 6.77 Acres in Cushing, OK – Former Headquarters of ESECO Speedmaster**

Discover a one-of-a-kind industrial opportunity at 624 E Eseco Dr, Cushing, OK – formerly the headquarters of ESECO Speedmaster, renowned for its dedication to premium customer service and industry-leading innovations in productivity for the x-ray and NDT (non-destructive testing) sectors.​ This facility embodies ESECO’s commitment to quality, offering both sale and lease options to businesses seeking a solid foundation in Oklahoma’s industrial corridor, conveniently located between Tulsa and Oklahoma City.​

Spanning 42,693 SF on 6.77 acres, the property features an ideal mix of executive offices and climate-controlled warehouse space, including a conference room, kitchenette, ADA-compliant bathrooms, and HVAC-equipped areas.​ Equipped with 3-phase, 400Amp power, 1 dock-high door, and 2 grade-level doors, it’s primed for heavy-duty applications in oil, gas, manufacturing, or storage.​

**Key Features:**

- **Professional Office Suite:** ~7,500 SF including executive offices, a conference room, ADA facilities, and reception area

- **Robust Industrial Capabilities:** 3-phase, 400Amp electrical service, 14-22’ warehouse ceilings

- **Built to Last:** Red steel framing, thick concrete slabs, and BUR/PVC/TPO roofing

- **Strategic Location:** Adjacent to Cushing Municipal Airport with numerous nearby industrial businesses

- **Zoning:** I-2 Industrial Light, ideal for oil, gas, or storage uses

Previously housing ESECO’s innovative production and customer service center, this well-maintained facility, last updated in 2016, carries a legacy of efficiency and service.​ It’s the perfect setup for businesses seeking a high-quality industrial base with proven reliability and room for growth in Cushing’s thriving industrial hub!

Investment Highlights

  • 1. Prime Industrial Facility with Strong Infrastructure

    • Facility Size & Features: This substantial 42,693 SF industrial facility on 6.77 acres includes executive offices, climate-controlled warehouse spaces, ADA-compliant bathrooms, and professional-grade 3-phase, 400Amp power.

    • Upgraded and Well-Maintained: Built in 1974 with significant renovations in 2016, the property’s construction features durable red steel framing and concrete slabs, ensuring longevity and low maintenance.

    • Logistics Advantage: Equipped with 1 dock-high and 2 grade-level doors, it provides optimal access for industrial operations, with zoning favorable for oil, gas, manufacturing, and storage businesses.

    2. Strategic Location with Excellent Market Access

    • Positioned for Regional Influence: Located midway between Oklahoma’s two largest cities, Tulsa and Oklahoma City, the property offers direct access to key industrial hubs, making it an ideal regional distribution and operations center.

    • Adjacent to Cushing Municipal Airport: This proximity to local airport facilities provides further logistical benefits for industrial activities, contributing to time and cost efficiencies.

    • Well-Connected Market: Cushing has easy access to highways, rail, and pipeline infrastructure, strengthening its position as a critical node for transportation and distribution across Oklahoma and beyond.

    3. Cushing – The “Pipeline Crossroads of the World”

    • Energy Hub Status: Cushing has long been a pivotal hub for the oil and gas industry, housing some of the largest oil storage facilities in the country. As a key pricing point for WTI crude oil, the city remains a cornerstone for the U.S. energy market.

    • Thriving Local Economy: Cushing’s economic foundation is deeply intertwined with oil and gas, resulting in stable employment and a median household income exceeding $50,000 within a 1-mile radius.

    • Established Industrial Environment: With numerous industrial and oil-related businesses already operating in the area, the property offers investors immediate access to a well-established network and supply chain.

    4. Speculation of a Multi-Million Dollar Refinery Investment

    • Potential New Refinery Development: There is growing speculation regarding a multi-million dollar refinery development in Cushing, which, if actualized, would dramatically boost economic growth, increase demand for industrial spaces, and amplify local infrastructure improvements.

    • Investor Opportunity: Should the refinery proceed, it could significantly increase property values, raise rental demand, and enhance long-term appreciation potential for industrial properties in the area, including this well-equipped facility.

    • Energy Market Resilience: As demand for oil and gas persists, Cushing’s potential for further large-scale industrial investments secures the area as a resilient and high-value location for energy-related infrastructure.

    5. Favorable Market for Industrial and Storage Investment

    • Industrial Zoning Flexibility: Zoned I-2 (Industrial Light), this property is well-suited for various heavy-duty applications, including oil, gas, warehousing, and distribution.

    • High Industrial Demand: The regional need for storage and industrial facilities is increasing, especially with anticipated infrastructure and refinery projects. Cushing’s established status within the energy market drives demand for high-capacity, multi-functional industrial properties like this one.

    Summary This property provides a rare chance to invest in a high-potential industrial asset in a city primed for substantial growth. Its strategic location, robust infrastructure, and the potential multi-million dollar refinery make it an ideal long-term investment for those looking to capitalize on Oklahoma’s robust oil and gas market.

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Due Diligence

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Listing Contacts

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Additional Information
Broker Name
Jake McClure
Broker License
OK OK 177330
Broker Name
Yen Phi
Broker License
OK OK 177396
Broker Name
Levi Horner
Broker License
OK OK 176428
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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