150 E 45th St - Storefront Retail/Office FOR SALE
Odessa, TX 79762 |
$4,871,795 USD
858-373-3184
150 E 45th St
Odessa, TX 79762
HIGHLIGHTS
- Long Term Absolute Net Lease (Zero Landlord Responsibilities) Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options.
- Caliber Collision is the Nation’s Largest Collision Repair provider, with more than 1,800 Convenient Locations in 41 States - and Growing.
- Dominant Leadership: Hellman & Friedman, Private Equity Firm with Over $25 Billion of Total Assets, is the Majority Owners after Merger.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
- Densely Populated Area: Features more than 113k People Residing within a 5-Mile Radius. Odessa has Experienced Steady Growth over the Years.
- Significant Tax Benefits - Subject Property Qualifies for Tax Savings via Accelerated Depreciation and Cost Segregation.
OVERVIEW
2024 Renovation | Densely Populated Area | Near Numerous Auto Dealerships and Auto Service Centers | Directly Across from Ector County Coliseum - 5k+ Seat Multi-Purpose Arena | Minutes from Music City Mall, The University of Texas Permian Basin, Odessa College & Odessa-Schlemeyer Field Airport | Qualifies for Accelerated Depreciation | Recession-Resistant Concept
FOR SALE DETAILS
PRICE
$4,871,795 USD
PRICE/SF
$211 USD /SF
CAP RATE
5.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CALIBER COLLISION | LONG TERM ABSOLUTE NET
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Auto Repair, Freestanding, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1975
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.51 AC
LAND SF
65,776 SF
ZONING
Heavy Commercial
APN/PARCEL ID
28610-01710-00000
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858-373-3184
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858-373-3184
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