12118 E Interstate 20 (SIG)

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

Address
12118 E Interstate 20
Odessa, TX 79765

Overview

Property for: Sale
Property Type: Building
Cost: $5,000,000
Cost Description: $110 PSF
Property Acreage: 7.69

Contact(s)

Primary Contact

Name: Stratton Greig - SIG - 844.474.4666

Secondary Contact

Name: Ausin Marsh - SIG - 844.474.4666; Max Freedman - SIG - 512.766.2711

Zoning

Type: Industrial

Rail & Environmental

Rail Access: No

Site Details

Site Type: Industrial

Additional Details

Building Type: Commercial
Year Built: 1979/2018
Total Square Footage: 45500
Construction Type: Metal; Brick

Water Supply & Sewer Service

Electricity Supply

Electricity Service Provider: Oncor

Gallery

Map