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4320 Johnson Rd 93,255 SF Industrial Building Odessa, TX 79764 $8,275,000 ($88.74/SF) 9.59% Cap Rate
Executive Summary
Basin Real Estate Group has been selected to exclusively market the opportunity to acquire the R&D Specialties property located in Odessa, Texas. This property features multiple buildings totaling +/- 93,255 SF on 10.54 acres.
Property is exclusively leased to R&D Specialties with the lease running through 9/30/2034.
Annual escalations.
Absolute NNN lease structure.
Property is conveniently located just off of State Hwy. 302 and West Loop 338.
Property is exclusively leased to R&D Specialties with the lease running through 9/30/2034.
Annual escalations.
Absolute NNN lease structure.
Property is conveniently located just off of State Hwy. 302 and West Loop 338.
Property Facts
| Price | $8,275,000 | Lot Size | 10.54 AC |
| Price Per SF | $88.74 | Rentable Building Area | 93,255 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 9.59% | Year Built | 1961 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | B | ||
| Zoning | EA6 | ||
| Price | $8,275,000 |
| Price Per SF | $88.74 |
| Sale Type | Investment NNN |
| Cap Rate | 9.59% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 10.54 AC |
| Rentable Building Area | 93,255 SF |
| No. Stories | 1 |
| Year Built | 1961 |
| Tenancy | Single |
| Clear Ceiling Height | 24’ |
| Zoning | EA6 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,521,972 | |
| Land Assessment | $68,818 | Total Assessment | $3,590,790 |
Property Taxes
Parcel Numbers
Land Assessment
$68,818
Improvements Assessment
$3,521,972
Total Assessment
$3,590,790
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