13005 W I-20 E 20,079 SF 100% Leased Industrial Building Odessa, TX 79765 $5,474,014 ($272.62/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Warehouse: +/-15,663 SF | Office Area: +/-4,416 SF | Total Area: +/-20,079 SF | Land Area: +/-3.42 Acre Lot
- Dock Doors: Two (2) 12 x 12 Doors | Two 10 x 10 Doors
- Rental Income: June 2022 - May 2023: $383,191 NOI | June 2023 - May 2024: $390,844 NOI | June 2024 - May 2025: $398,661 NOI
- Loading Dock: Truck well with two (2) doors
- Leased to: JMP Petroleum Technologies Inc. | Lease Expiration: May 2025
- Renewal Options: One (1) Five (5) Year Option at 102% of the Annual Rent for the last year of the Lease
EXECUTIVE SUMMARY
100% NNN leased investment opportunity
+/-20,079 SF Building on +/-3.42 Acres
+/-20,079 SF Building on +/-3.42 Acres
PROPERTY FACTS
| Price | $5,474,014 |
| Price Per SF | $272.62 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 3.42 AC |
| Rentable Building Area | 20,079 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 4 |
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PROPERTY TAXES
| Parcel Number | R000008-835 | Improvements Assessment | $0 |
| Land Assessment | $1,890 | Total Assessment | $1,890 |
