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El Reno Rail Spur

Listing was updated on: 09/04/2019
El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur El Reno Rail Spur

Property Overview

Price/Rent PSF $ 3,500,000.00
Asset Type Industrial
Trade Type Sale
SQ. FT. Available 23,000
Date Available 09/04/2019
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Description

Location
North El Reno just west of HWY 81

Sale
RT owns a unique asset in El Reno, OK and is looking to divest of it and focus on operations closer to their home office where they operate a number of successful businesses. Acquired in April of 2017, the rail spur had been neglected for a number of years. The current owner saw an opportunity in the market to rehab the terminal and expand it to add efficiency and capacity. Initially the spur was a single track (Track 700) with no buildings associated with it. They immediately added 5,900 linear feet of track creating Tracks A, B, C, and D. Additionally, they added a 15,000 sqft building to store transported sand. While adding the new tracks, there were improvements made to the original Track 700 updating it with new rails, cross-ties, track spikes, and track bolts. RT currently operates the terminal under an Industry Track Agreement with Union Pacific Railroad Company. This agreement is assignable to a new owner. The offering is for the sale of all the land, equipment, surface rights, building, and tracks.

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