14410 14480 14450Odessa, TX 79763

For Sale
$2,400,000

Modern Executive Office Space, I-20 Frontage

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 18,700 square foot executive office complex, built in 2023, is situated on a 5-acre lot with prime I-20 frontage in Odessa, Texas (zip code 79763). The property features a 16,000 square foot shop area and a 4,500 square foot office space. The office areas include HVAC on both the first and second floors. Additional features include an 80 x 35 square foot overhang, a covered mechanic pit in the rear, and a small apartment and additional offices on the second story. The property is DOT approved, offering convenient access. The asking price is $2,400,000. Lease options are available, with a current rate of $23,000 per month NNN for a 5-10 year lease, including a 3% annual increase in years 7 and 9. A shorter 1-5 year lease is also available at $24,000 per month NNN, with a 3% annual increase in years 3, 5, and 7. A special discount is offered for the purchase of multiple adjacent units.

Highlights

  • $24,000/month NNN, 1-5 year lease term.
  • 3% rent increase at years 3, 5, and 7.
  • $23,000/month NNN for a 5-10 year lease term.
  • 3% rent increase at years 7 and 9 for the 5-10 year lease.

Property Details for 14410 14480 14450

Property type
Other retail properties, Other office properties
Square Feet
18,700 SF
Year Built
2023
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Odessa
County
Ector
State
Texas
Latitude
31.804516
Longitude
-102.5068597
14410 14480 14450, Odessa, Texas

FAQs

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14410 14480 14450
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