4320 Johnson Rd - Warehouse FOR SALE


Odessa, TX 79764
$7,950,000 USD
432-582-2250
4320 Johnson Rd, Odessa, TX for Sale
$7,950,000 USD
Warehouse - FOR SALE
1/23
null | 8.3% Cap Rate

4320 Johnson Rd
Odessa, TX 79764


OVERVIEW

The Havens Group, Inc. is pleased to announce this Single Tenant Net Lease (STNL) investment opportunity featuring a highly landlord favorable long-term lease. This manufacturing facility is leased to R&D Specialties who has as its main focus a customer centric business of manufacturing UL certified panels, panel racks, Motor Control Centers, Soft Start Packages, VFD's and various other types of panel rack integration services. Locally operated since their inception in 1983. They offer over 100 years of combined experience with 24/7 availability. The current lease agreement commenced on October 1, 2024 with an initial expiration date of September 30, 2034. Offering a remaining term of over 9 years. The current lease rate is $55,000.00 per month plus NNN charges. This lease also boasts 2% annual escalations in the lease rate. Lease also contains two (2) 5-year renewal options with the continuation of the 2% annual escalations. Very little landlord responsibility present within the lease. This property has a total of 6 Buildings on site totaling +/-82,755 SF. Includes dry storage, paint booth, sand blasting building and large manufacturing area. Multiple OH cranes in place. Administration office is new to the property. Property in a very convenient location with immediate access to Loop 338 and Hwy 302. Building ages range from 1961 through 2014. Ample 3 phase electric on site.

FOR SALE DETAILS

PRICE

$7,950,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

8.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

-

CLEAR CEILING HT

24 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.54

LAND SF

459,122

ZONING

-

APN/PARCEL ID

26500-01170-02200,42140-00630-00000,42140-00640-00000

ASK ABOUT THIS PROPERTY

Dan WeaverHavens GroupMore Info
432-582-2250

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Dan WeaverHavens GroupMore Info
432-582-2250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.