Gordon Technologies Odessa, Texas

Status Under Contract
Location S County Road 1300 & Interstate 20, Odessa, TX 79766
Captialilzation Rate 9.25%
Building Size 11,953 Square Feet
Lot Size 2.78 Acres
Lease Type NNN
Term Remaining 7 Years
Price $ 2426000
  • New Build-To-Suit in Midland County, Texas
  • Gordon Technologies is an Engineering Company Specializing in Measurement-While-Drilling (MWD)
  • Tenant has a Strong, Year-Over-Year Revenue Growth
  • Seven-Year Term with Annual Rent Increases
  • Strategically Located Near Interstate 20 with an Average Daily Traffic Count of 35,856 Vehicles Per Day
  • The Permian Basin is Producing Over 4.1 Million Barrels of Oil Per Day
  • New Pipelines Have Allowed Increased Production in the Permian Basin

The subject property is an 11,953-square-foot facility sitting on 2.78 acres located off Interstate 20 in Odessa, Texas. This is a brand-new, build-to-suit that is currently under construction and scheduled for completion later this year. The lease term is seven years and the lease includes two percent annual rent increases.

Gordon Technologies is an independent provider of Measurement-While-Drilling (MWD) technology to the directional drilling sector of the oil and gas industry. The company’s proprietary technology creates a faster, more robust and more reliable MWD system that is achieving best-in-class performance as evidenced by the company’s significant growth in the U.S. conventional market.

Located in West Texas, the Midland-Odessa metro is an energy capital as the Permian Basin is one of the biggest oil fields in the world and is home to some of the largest petroleum-producing companies. The metro consists of Martin, Midland, and Ector counties. Midland stands at the center of the Permian Basin, which houses over 16 percent of the country’s oil reserves, and is the largest oil production region in America.

Agent : Patrick Doherty

  • 512-338-7855
  • patrick.doherty@marcusmillichap.com
License: TX-622300
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