SUNSOURCE | 2121 E 2nd St
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SUNSOURCE 2121 E 2nd St
44,000 SF Industrial Building Odessa, TX 79764 $5,700,000 ($130/SF) 8.05% Cap Rate
Investment Highlights
- Industrial NNN Lease – The tenant pays for CAM, taxes, and insurance, with minimal Landlord responsibilities.
- 2019: Complete replacement of roof on primary building with 20-year warranty included
- Strong National Tenant – SunSource Holdings, Inc. (“SunSource”) is privately held with $2B+ in revenue and 240+ locations.
- 2016: Newly constructed 11,900 Sq. Ft. Warehouse
- 2023: Newly constructed 3,200 Sq. Ft. Hydraulic Shop Building
- Low Building Coverage (FAR) – With ±5.15 acres of land, this property boasts a building coverage ratio of only 19.61%.
Executive Summary
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $5,700,000 | Building Class | C |
| Price Per SF | $130 | Lot Size | 5.15 AC |
| Sale Type | Investment | Rentable Building Area | 44,000 SF |
| Cap Rate | 8.05% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 1950/2023 |
| Property Subtype | Distribution | Tenancy | Single |
| Price | $5,700,000 |
| Price Per SF | $130 |
| Sale Type | Investment |
| Cap Rate | 8.05% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 5.15 AC |
| Rentable Building Area | 44,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2023 |
| Tenancy | Single |
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- SunSource
- Mining, Quarrying, and Oil and Gas Extraction
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| SunSource | Mining, Quarrying, and Oil and Gas Extraction | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Taylor Dintzner -
Erik Manarino -
John Stroud -
Matthews Real Estate Investment Services
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SUNSOURCE | 2121 E 2nd St
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