Investment Overview
The tenant is Great White Energy Services (Great white), an Oklahoma City- based, wholly owned subsidiary of Archer Limited (OSE: ARCHER) (Archer), an international oilfield service provider. Great White provides pressure control services, directional drilling, and pressure pumping to mid-size exploration and production companies, and leases 16 buildings throughout Oklahoma, Texas, Wyoming, Michigan and West Virginia.
Investment Highlights
- Multiple buildings
- Conference and training room
- 16' clear height
- 12 - 12'x16' drive in power doors
- Free span
- One, 10-ton crane
- T-5 lighting
- Radiant heat tubes
- Fenced concrete and asphalt yard
- Two, five-year renewal options, under the same terms and conditions as the original lease
- Absolute NNN: tenant is responsible for all repairs and improvements
- Attractive annual rental increases