621-625 E 42nd St - Retail FOR SALE


Odessa, TX 79762
$17,500,000 USD
415-274-7394
621-625 E 42nd St, Odessa, TX for Sale
$17,500,000 USD
Retail - FOR SALE
1/7
null | Request Cap Rate

621-625 E 42nd St
Odessa, TX 79762


HIGHLIGHTS

  • Further, the center offers an attractive consumer appeal based on a significant redevelopment completed in 2020
  • The major overhaul of the center included roof overlay (with 20-year labor and materials warranty), new plumbing, pylons signs and lighting
  • The subject property benefits from its location within the Permian Basin, one of the world’s strongest oil fields

OVERVIEW

Sherwood Village is a 82,264 square-foot community shopping center in Odessa, Texas, the epicenter of the United States shale revolution. The subject property is advantageously located at the signalized intersection of East 42nd Street and Dixie Boulevard, a high-traffic corridor with exposure to over 41,000 cars per day. Sherwood Village is 98% leased and anchored by Family Dollar and O’Reilly Auto Parts, along with a diverse collection of e-commerce-resistant and complementary tenants, promoting ample cross-shopping opportunities.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwood Village Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

425

LAND DETAILS

CROSS STREETS

N Dixie

LAND ACRES

6.39 AC

LAND SF

278,348 SF

ZONING

-

APN/PARCEL ID

28600-00384-00000

ASK ABOUT THIS PROPERTY

Joseph CaccamoCP Partners CREMore Info
415-274-7394

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

Joseph CaccamoCP Partners CREMore Info
415-274-7394

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