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31511485
31511486

10400 I-20, Millsap, TX 76066

LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$15,999,999
81 days on market
Updated 16 days ago

Absolute NNN GeoDynamics - Corp Headquarters & Manufacturing

Details
Property Type Office, Industrial (+1)
Sub Type Traditional Office, Warehouse (+1)
Square Footage 73,247
Cap Rate 7.3%
NOI $1,168,406
Occupancy 100%
Tenancy Single
Brand/Tenant GeoDynamcis
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 08/30/2030
Remaining Term 4.2
Rent Bumps Yes
Lease Options 4x5 or 2x10
Price per SqFt $218
Broker Co-Op Yes
Year Built 2008 & 2015
Year Renovated 2015
Buildings 2
Acreage 15.380
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 08/31/2015
Ownership Fee Simple

Irreplaceable Location | Mission Critical Facility | High Tenant Commitment

Marketing description

This offering presents a rare opportunity to acquire a mission critical industrial asset with an irreplaceable location and exceptional tenant commitment. The tenant has invested tens of millions of dollars into the campus and controls more than 275 acres of surrounding land used for highly specialized operations, including oil well and ballistics testing, making relocation highly unlikely. The property is secured by an absolute NNN lease, providing a passive ownership structure with no landlord responsibilities, while built in annual rent escalations ensure consistent income growth and protection against inflation.

The asset is leased to GeoDynamics, a subsidiary of Oil States International (NYSE: OIS), offering strong corporate backing and financial stability. As a leader in energy services, the tenant operates a mission critical facility essential to oil and gas production. Strategically located in Millsap within the expanding Dallas Fort Worth metroplex near the growing Weatherford area, the property benefits from strong regional economic fundamentals. Texas’s business friendly environment, including no state income tax, further enhances the investment’s long term appeal.

Investment highlights

  • IRREPLACEABLE LOCATION WITH HIGH TENANT COMMITMENT: Tenant has invested tens of millions into the campus and owns/ leases over 275 acres of surrounding land used for oil well and ballistics testing
  • ABSOLUTE NNN LEASE: Truly passive ownership structure providing long term stability with zero landlord responsibilities
  • ANNUAL RENT INCREASES: Built in rent escalations offers consistent income growth and a hedge against inflation
  • STRONG CORPORATE TENANT: GeoDynamics is a subsidiary of Oil States International (NYSE:OIS), providing strong corporate backing and financial stability
  • INDUSTRY LEADING TENANT IN ENERGY SERVICES: GeoDynamics specializes in perforating systems and downhole completion solutions critical to oil and gas well production, making this a mission critical facility
  • STRATEGIC LOCATION IN GROWING DFW METRO: Located in Millsap within the expanding Dallas Fort Worth metroplex, the subject site benefits from proximity to Weatherford TX, a growing area experiencing expansion and rising household incomes
  • TAX-FREE STATE: Texas has no state income tax and a business-friendly environment, enhancing investor returns

Listing Contacts

LR
CA CA 01267761
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,168,406.00
$97,367.17/mo

Valuation Metrics

0
DSCR
7.3%
Cap Rate
7.3%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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