The Havens Group, Inc. is pleased to offer the listing of this prime investment opportunity. Located in West Odessa with convenient access to I-20 and Hwy. 302.
Constructed in 2022, the offering consists of two buildings totaling +/-16,552 SF. Building 1 - 2,442 SF of office consisting of 5 offices, kitchenette, 2 restrooms and an upstairs conference/training room. 4,735 SF of Shop with a full bathroom, including a shower. Building is spray-foamed with 3 OH doors. Sits on 1.7 Acres. Building 2 - 4,875 SF of useable space that would be perfect for a show room or parts room. 4,500 SF of Shop. Space also has 2 restrooms. Building is spray-foamed with 4 OH door creating 2 drive through bays. Sits on 1.2 Acres. Current tenant executed a 5-year lease in January 2025. Lease is a NN lease with rent escalation in year 3 and year 5.
Lease rate escalation provides opportunity to increase effective cap rate to over 9.7%.