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31110433
31110434

7309 Andrews Hwy, Odessa, TX 79765

JD
TX 9004023
NRG Realty Group
BF
NRG Realty Group
Listed by NRG Realty Group
$1,600,000
82 days on market
Updated 5 days ago

Investment Opportunity: 9.06% Cap, NNN Lease

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 27,236
Cap Rate 9.06%
NOI $145,000
Tenancy Single
Lease Type NNN
Lease Expiration 02/01/2029
Remaining Term 2.7
Price per SqFt $59
Year Built 1974, 1990
Acreage 2.000
Investment Type Value Add

Investment Opportunity: 9.06% Cap, NNN Lease

Marketing description

This investment offering presents a fully leased industrial property occupied by Tucker Valve Seat Co., a division of Cooper Machinery Services, located at 7305 & 7309 Andrews Highway in Odessa, Texas. The portfolio consists of two buildings: 7305 Andrews Highway, a 14,900 SF facility on 1 acre with 1,840 SF of office space and two 8’ dock doors, built in 1990; and 7309 Andrews Highway, a 12,336 SF building on 1 acre with 1,348 SF of office space, one 10’ dock door, and one 8’ dock door, built in 1974. The tenant occupies the space under a NNN lease expiring February 1, 2029, providing a current NOI of $145,000. This offering represents a rare opportunity to acquire a stable, income-producing industrial asset in the heart of Odessa at a sale price of $1,600,000.

The portfolio consists of two buildings: 7305 Andrews Highway, a 14,900 SF facility on 1 acre with 1,840 SF of office space and two 8’ dock doors, built in 1990; and 7309 Andrews Highway, a 12,336 SF building on 1 acre with 1,348 SF of office space, one 10’ dock door, and one 8’ dock door, built in 1974. These buildings have a combination of office and warehouse space.

Investment highlights

27,236 SF on 2 Acres

Office & Warehouse Space

Multiple Dock Doors

Built in 1974 & 1990

NNN Lease w/ Renewal Option

$145,000 NOI

Listing Contacts

JD
TX 9004023
NRG Realty Group
BF
NRG Realty Group
Listed by NRG Realty Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$145,000.00
$12,083.33/mo

Valuation Metrics

0
DSCR
9.06%
Cap Rate
9.06%
ROI

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Additional Information

Name
Justin Dodd
License
9004023
Brokerage
NRG Realty Group, LLC
Title
President
Brokerage Address
6191 State Highway 161
Name
Becky Fletcher
License
714821
Brokerage
NRG Realty Group
Title
real estate broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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