Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive advisors to the seller, are pleased to present the rare opportunity to acquire high yield, single tenant net leased industrial Property tenanted by a leading oil & gas services company in Carlsbad, New Mexico (the “Property”). The Property is secured by a new 10-year net lease to VanZandt Controls/Eagle Automation, featuring rare 3.00% annual increases as an important hedge against inflation in the post-Covid economic environment. The site represents a mission-critical location for the company in its westward coverage of the Permian Basin, the United States’ most active oilfield, producing 5+ million barrels of crude oil annually. Carlsbad is uniquely positioned as the top gas-producing region in the area, with the oil and gas industry providing roughly half of New Mexico’s state budget. New Mexico is the #2 highest oil-producing state (665 million barrels annually), securing the tenant’s dedication to the real estate. Backed by private equity firm Featheringill Capital, VanZandt Controls/Eagle Automation provides industrial valve automation, flow measurement, instrumentation, and controls with 220 employees across its 14 locations throughout the country. Via the company’s expansive roster of sales customers including Chevron and EOG Resources (which both have offices in the adjacent business park to the subject Property), the company achieved over $150 million in annual revenue in 2023 with $15m in EBITDA.