QRC Valve Distributors Odessa, Texas
Status Under Contract
Location 13015 W Interstate 20, Odessa, TX 79766
Captialilzation Rate 8.50%
Building Size 19,360 SF
Lot Size 2.92 Acres
Lease Type NNN
Term Remaining 10 Years
Price $ 3883000
- New Build-to-Suit in Midland County, Texas
- Ten-Year Term with Annual Rent Increases
- Interstate 20 Frontage
- Developing Industrial Park Surrounding the Property
- 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 a 19,360-square-foot facility sitting on 2.92 acres located just off Interstate 20 E 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 10 years and the lease includes one percent annual rent increases. The tenant also has two, five-year options to renew with two percent annual increases.
Agent : Patrick Doherty
-
512-338-7855
-
patrick.doherty@marcusmillichap.com