12118 E Interstate 20 | Odessa, TX 79765
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12118 E Interstate 20
Odessa, TX 79765
Patterson Services, Inc. · Industrial Property For Sale
Investment Highlights
- Significantly Below Market Rents and No Remaining Options, Leaving Opportunity to Raise Rents and Increase Cash Flow Upon Renewal
- Tenant Made Significant Improvements of Over $2 Million in the Property in 2018
- Excellent Demographics With a Population of 19,242 Residents Making an Average Household Income of $122,941 Within a 5-Mile Radius
- Patterson Oil’s Parent Company, RPC, is a Publicly Traded Company (NYSE: RES) With Revenues of Over $1.22 Billion in 2019
- Strategically Situated Along I-20 (Over 40,000 VPD) Between Midland and Odessa and Just Minutes From the Midland International Airport
- Population Increases to 179,104 Residents Within a 10-Mile Radius
PROPERTY FACTS
PROPERTY TAXES
| Parcel Number | R000008-876 | Improvements Assessment | $994,700 |
| Land Assessment | $230,700 | Total Assessment | $1,225,400 |
PROPERTY TAXES
Parcel Number
R000008-876
Land Assessment
$230,700
Improvements Assessment
$994,700
Total Assessment
$1,225,400
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