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196 Allen Brown Rd
Odessa, TX 79765
TEAM Industrial Services · Industrial Property For Sale
Investment Highlights
- CORPORATE GUARANTY FROM LARGE PUBLIC ENTITY
- ATTRACTIVE AMENITIES OFFER HIGH RESIDUAL VALUE | HIGH-GROWTH, AFFLUENT MARKET
- PASSIVE NN LEASE WITH MINIMAL LANDLORD FINANCIAL RESPONSIBILITY
- NEW 2021 BTS CONSTRUCTION | LARGE 5+ ACRE SITE
- 7-YEARS OF BASE TERM REMAINING WITH ANNUAL INCREASES
- ±30% BELOW MARKET RENT WITH SIGNIFICANT “MARK TO MARKET” OPPORTUNITY | STRATEGIC LOCATION IN PERMIAN BASIN
Executive Summary
Northmarq Commercial, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the fee-simple interest in the single-tenant industrial property located at 196 Allen Brown Road in Odessa, Texas (the “Property”). Fully leased to TEAM Industrial Services, Inc. (NYSE: TISI), the Property was a build-to-suit facility in 2021 that consolidated two of the Tenant’s facilities in the region. TEAM, Inc. is a leading, global provider of specialty industrial services, including an array of inspection, heat-treating and mechanical services. It operates in 13 countries around the world and generated nearly $900 million in revenue in 2025.
Property Facts
| Sale Type | Investment | Lot Size | 5.16 AC |
| Cap Rate | 8% | Rentable Building Area | 28,222 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Year Built | 2021 | |
| Building Class | B | Tenancy | Single |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | B |
| Lot Size | 5.16 AC |
| Rentable Building Area | 28,222 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Tenancy | Single |
Amenities
- Signage
Property Taxes
| Parcel Number | 0054050.015.0180 | Improvements Assessment | $1,541,300 |
| Land Assessment | $204,400 | Total Assessment | $1,745,700 |
Property Taxes
Parcel Number
0054050.015.0180
Land Assessment
$204,400
Improvements Assessment
$1,541,300
Total Assessment
$1,745,700
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