Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
$3,475,528
GLOBAL OIL & GAS WELLS INDUSTRIAL PROVIDER | ABSOLUTE NET
Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 24,000
Cap Rate 7.47%
NOI $259,484
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/30/2043
Remaining Term 17.2
Rent Bumps Yes
Class A
Year Built 1994
Acreage 6.850
Tenant Credit Corporate Guarantee
Ground Lease No
Industrial | 7.47% CAP | 24,000 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310635/wellbore-integrity-solutions
Investment highlights
- Long Term Absolute Net Lease Featuring 2.75% Annual Rental Increases throughout the Initial Term and Two, 10-Year Extension Options.
- Mission-Critical Energy Services Market - Odessa Serves as a Central Hub for Drilling, Completion, Production, and Well Maintenance Activities.
- Wellbore Integrity Solutions is a Houston-based Global Company that Extends the Lifecycle of Oil, Gas, and Geothermal Wells through advanced Wellbore Intervention, Tubular Services, and Engineering.
- Core Permian Basin Location - Strategically Positioned in the Heart of the Permian Basin, the Most Active Oil and Gas Producing Region in North America, Supporting Sustained Long-Term Industrial and Energy Demand.
- Strategic West Texas Footprint - West Texas Remains One of the most Critical Energy Production Regions Globally, making Industrial Assets in Odessa Strategically Important to Domestic and International Energy Supply Chains.
- Odessa–Midland Energy Corridor - Located within the Odessa–Midland Industrial Corridor, Anchored by Odessa and Midland, Home to Hundreds of Energy Operators, Service Firms, and Supply Chain Users.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Surrounded by Operations Supporting ExxonMobil, Chevron, Occidental Petroleum, Pioneer Natural Resources, and ConocoPhillips, Creating Dense Industrial Synergy and Continuous Demand for Oilfield Infrastructure and Services. Access to Major Transportation Routes - Positioned Directly Along TX-338 Loop and near Interstate 20, allowing Efficient East–West Freight Movement Across Texas and Direct Access to Regional Energy, Manufacturing, and Distribution Markets.
Listing Contacts
Listed by Marcus & Millichap - San Diego, Colliers - Little Rock, Arkansas
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$259,484.00
$21,623.67/mo
Valuation Metrics
0
DSCR
7.47%
Cap Rate
7.47%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
