INVESTMENT HIGHLIGHTS
- Significantly Below Market Rents and No Remaining Options, Leaving Opportunity to Raise Rents and Increase Cash Flow Upon Renewal
- Tenant Made Significant Improvements of Over $2 Million in the Property in 2018
- Excellent Demographics With a Population of 19,232 Residents Making an Average Household Income of $122,941 With a 5-Mile Radius
- Patterson Oil’s Parent Company, RPC, is a Publicly Traded Company (NYSE: RES) With Revenues of Over $1.22 Billion in 2019
- Strategically Situated Along I-20 (Over 40,000 VPD) Between Odessa and Midland and Just Minutes From the Midland International Airport
- Population Increases to 179,104 Residents Within a 10-Mile Radius
SUMMARY
- 45,000 SF
- 7.69 Acres
- Year Built/Renovated 1979/2018
Location
Address12118 E Interstate 20
Odessa, TX 79765
Overview
Property for: SaleProperty Type: Building
Cost: $5,000,000
Cost Description: $110 PSF
Property Acreage: 7.69