901 3Rd StOdessa, TX 79763

For Sale
$595,000

High-yield industrial property, excellent tenant.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 5,000-square-foot flex/warehouse property in Odessa, Texas, presents a compelling investment opportunity. Boasting a substantial 10.08% cap rate, this newly renovated (2023) building sits on a 0.42-acre lot (APN: 284000022500000) and offers a blend of office and warehouse space ideal for a variety of businesses. The 1,905-square-foot office area includes three private offices, a reception area, a conference room, two restrooms, and a workroom. The 3,095-square-foot heated and cooled shop features two 12'x12' overhead doors, perfect for equipment storage and access. Currently leased to Trigon Industries, a CNC machinery supplier to the oil and gas industry, until October 31, 2026, providing immediate cash flow. Strategically located at the southwest corner of West 3rd Street and Bernice Avenue, this property enjoys easy access to Business 20 (West 2nd Street) and North County Road West, placing it within a thriving industrial area alongside established businesses such as Jet Specialty, Standard Industrial Manufacturing, and Abbott's Oilfield Supply. Built in 2014, this property offers a strong combination of modern amenities, a secure lease, and a prime location, making it an attractive investment for discerning buyers. The property's occupancy date is October 1, 2023.

Highlights

  • Exceptional 5,000 SF flex/warehouse in Odessa, TX with a 10.08% cap rate.
  • Newly renovated in 2023, situated on a 0.42-acre lot (APN: 284000022500000).
  • Features 1,905 SF of office space including three private offices, reception, conference room, two restrooms, and a workroom.
  • Includes a 3,095 SF heated and cooled shop with two 12'x12' overhead doors.
  • Currently leased to Trigon Industries until October 31, 2026, providing immediate cash flow.

Property Details for 901 3Rd St

Property type
Other warehouses, Other industrial properties
Square Feet
5,000 SF
Year Built/Renovated
2014/2023
Lot Size (sq. ft)
18,295 SF

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.8418412
Longitude
-102.3768615
901 3Rd St, Odessa, Texas

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901 3Rd St
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