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GLOBAL OIL & GAS WELLS INDUSTRIAL PROVIDER 8700 TX-338 Loop 24,000 SF Industrial Building Odessa, TX 79764 $3,475,528 ($144.81/SF) 7.75% Cap Rate
Investment Highlights
- Long Term Absolute Net Lease Featuring 2.75% Annual Rental Increases throughout the Initial Term and Two, 10-Year Extension Options.
- Wellbore Integrity Solutions is a Houston-based Global Company that Extends the Lifecycle of Oil, Gas, and Geothermal Wells.
- Strategic West Texas Footprint - West Texas Remains One of the most Critical Energy Production Regions Globally.
- Mission-Critical Energy Services Market - Odessa Serves as a Central Hub for Drilling, Completion, Production, and Well Maintenance Activities.
- Core Permian Basin Location - Strategically Positioned in the Heart of the Permian Basin, the Most Active Oil & Gas Producing Region in North America.
- Odessa, Texas, has seen Consistent growth over the Years, driven by the Energy Sector, Manufacturing, and an Expanding Retail Industry.
Executive Summary
Wellbore Integrity Solutions | Long Term Absolute Net Lease w/ 2.75% Annual Increases | Global Company Specializing in Extending the Lifecycle and Performance of Oil, Gas, & Geothermal Wells | Core Permian Basin Location - Positioned in Strong Oilfield Corridor | Rapidly Growing Energy Hub | Along TX-338 Loop and Near Interstate-20 - East–West Freight Movement Across Texas
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Wellbore Integrity Solutions
- Retailer
- 24,000 SF
- -
- Triple Net
- Sep 2043
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Wellbore Integrity Solutions | Retailer | 24,000 SF | - | Triple Net | Sep 2043 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $1,223,973 | |
| Land Assessment | $164,256 | Total Assessment | $1,388,229 |
Property Taxes
Parcel Numbers
Land Assessment
$164,256
Improvements Assessment
$1,223,973
Total Assessment
$1,388,229
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GLOBAL OIL & GAS WELLS INDUSTRIAL PROVIDER | 8700 TX-338 Loop
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