Investor/Developer Opportunities Available in Growing Stillwater Market

20 Jul 2020

7712-N-Perkins-Rd2

Stillwater, OK — July 20, 2020 — CBRE announces the listing of three multi-acre land sites for sale in Stillwater, Oklahoma.

 

  • 7712 N. Perkins Road, a 65 +/- acre tract of land with Highway 412 frontage, is just outside the Stillwater city limits. This property has a new 2,400 +/- square foot office building, along with an access road from North Perkins and OTA-granted access from Highway 412. The location and size of the property makes it ideal for a potential travel stop, casino, hotel, retail and/or an event center.

 

  • 5821 S. Perkins Road is a 10-acre +/- land development that features a 4,980 square foot retail showroom on the property. The land has over 400 square feet of Highway 177 frontage and immediate access to the high-volume railroad yard.

 

  • 8712 W. 6th Street is a 5-acre +/- property with an 8,926 square foot building that has approximately 2,000 square feet of office space and an approximately 6,926 square foot climate-controlled warehouse. This property also offers the opportunity to lease the existing property and/or a separate sale of 2 +/- undeveloped acres.

 

Stillwater has experienced significant development in the last few years. With the influx of new residential development – including approximately 1,000 new apartment units and senior living facilities – several national retail and restaurants chains have opened locations in Stillwater in recent years. With the upcoming 2020 Censes, the City of Stillwater anticipates larger growth numbers than originally calculated.

 

“The growth and development of Stillwater has really come a long way in a short amount of time,” said Carrie Claiborne, Associate with CBRE. “We are excited to be able to offer these prime land opportunities in the rapidly growing Stillwater market.”

 

Ms. Claiborne is representing the owner of these properties.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.