14210 W Highway 80 E - Industrial FOR SALE


Odessa, TX 79765
$2,273,648 USD
214-534-7976
14210 W Highway 80 E, Odessa, TX for Sale
$2,273,648 USD
Industrial - FOR SALE
1/32
null | 9.5% Cap Rate

14210 W Highway 80 E
Odessa, TX 79765


HIGHLIGHTS

  • Private Offices, Sales Counter, 2 Warehouse Sections
  • Executive Office Space, Shop, Wash-Bay
  • 9.5% Cap, 60 Month Term, Annual Escalations

OVERVIEW

NRG Realty Group is pleased to present the opportunity to acquire a low basis single-tenant net lease industrial property with highway frontage in Odessa, Texas. The property was recently leased on a 62-month initial term to Toro Complete Services, Inc. dba Toro-Emory (“Toro”). Toro is a long-standing local business that operates multiple divisions. Their deep-rooted relationships with customers have allowed them to grow and flourish for over 20 years. Toro is moving their industrial insulation business into the property along with a portion of their oilfield supply business. The highway frontage of the subject property was a main attractant to the business. The below market rental rate creates an opportunity for value add investors to have cash flow and then increase yields in the future. Three building industrial complex on W Hwy 80 E in Midland, TX available for sale! This property boasts 36,650 SF total on 2.75 Acres. The main office/warehouse is 14,000 SF consisting of multiple private offices, a sales counter area, and 2 warehouse sections with grade-level doors. The East Office/Warehouse is 16,400 SF holding 2,500 SF of updated, executive office space, shop space, and a wash-bay. There is a 25' x 250' (6,500 SF) warehouse on the West side of the lot. The site is fully fenced with 400' of frontage on W Hwy 80 E.

FOR SALE DETAILS

PRICE

$2,273,648 USD

PRICE/SF

$62 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Sale: 60 Months Remaining, STNL

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.75

LAND SF

119,790

ZONING

Outside City Limits

APN/PARCEL ID

R000041-414

ASK ABOUT THIS PROPERTY

Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

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Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.