Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to PT Realty?
PT Realty
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.
This exceptional investment opportunity presents a 44,000-square-foot industrial property in Odessa, Texas, currently leased to SunSource, a major player in industrial fluid power distribution with a long operational history and extensive North American presence. The property, situated on a 5.15-acre lot at 2121 E 2nd St, benefits from high visibility on a major thoroughfare with over 22,500 vehicles daily. The building is comprised of three structures, totaling 44,000 square feet, and has undergone significant renovations in recent years, including a new 11,900-square-foot warehouse addition in 2016, a complete roof replacement in 2019, and a new 3,200-square-foot hydraulic shop building in 2023. The property's low building coverage ratio (19.61%) offers potential for future expansion. The current lease is a triple-net (NNN) lease with a corporate guarantee, providing a passive income stream. The lease term is 10.1 years, with a remaining term of 2.6 years and two 5-year options, including rent bumps of 8.10% at the first option and 5.10% at the second. The asking price is $5,700,000, representing a compelling 8.05% cap rate and a price per square foot of $130. The property's strong tenant, strategic location, and recent improvements make it an attractive investment opportunity. Built in 1950, with renovations in 1976, 1980, 2001, 2009, 2016, and 2023, this Class B property offers a 100% occupancy rate and a net operating income (NOI) of $459,000. The property is ideally suited for a 1031 exchange.
Highlights
44,000 SF industrial property in Odessa, TX, leased to SunSource, a major industrial fluid power distributor with a long history and extensive North American presence.
High-visibility location on a major thoroughfare with over 22,500 vehicles daily.
Triple-net (NNN) lease with corporate guarantee, providing passive income. 2.6 years remaining on a 10.1-year lease with two 5-year options including rent bumps.
Low building coverage ratio (19.61%) allows for future expansion on the 5.15-acre lot.
Recent improvements include a new 11,900 SF warehouse (2016), complete roof replacement (2019), and a new 3,200 SF hydraulic shop (2023).
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.