Listed by Northmarq Capital, LLC
$4,524,588
TEAM Industrial Services
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 28,222
Cap Rate 8%
NOI $361,967
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Year Built 2021
Buildings 1
Acreage 5.160
Ground Lease No
Passive NN Lease w/1.50% Annual Increases | Publicly Traded Tenant (NYSE: TISI) | Top Texas Market
Marketing description
Northmarq Commercial, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the fee-simple interest in the single-tenant industrial property located at 196 Allen Brown Road in Odessa, Texas (the “Property”). Fully leased to TEAM Industrial Services, Inc. (NYSE: TISI), the Property was a build-to-suit facility in 2021 that consolidated two of the Tenant’s facilities in the region. TEAM, Inc. is a leading, global provider of specialty industrial services, including an array of inspection, heat-treating and mechanical services. It operates in 13 countries around the world and generated nearly $900 million in revenue in 2025.
Investment highlights
- CORPORATE GUARANTY FROM LARGE PUBLIC ENTITY
- NEW 2021 BTS CONSTRUCTION
- ATTRACTIVE AMENITIES OFFER HIGH RESIDUAL VALUE
- 7-YEARS OF BASE TERM REMAINING WITH ANNUAL INCREASES
- PASSIVE NN LEASE WITH MINIMAL LANDLORD FINANCIAL RESPONSIBILITY
- LARGE 5+ ACRE SITE
- STRATEGIC LOCATION IN PERMIAN BASIN
- HIGH-GROWTH, AFFLUENT MARKET
- STATE OF TEXAS INVESTMENT OPPORTUNITY
Listing Contacts
Listed by Northmarq Capital, LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$361,967.00
$30,163.92/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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