Investment Opportunity: 9.06% Cap, NNN Lease
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
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