801 NW 9th St - Warehouse FOR SALE


Andrews, TX 79714
$1,250,000 USD
214-534-7976
801 NW 9th St, Andrews, TX for Sale
$1,250,000 USD
Warehouse - FOR SALE
1/12
null | 9% Cap Rate

801 NW 9th St
Andrews, TX 79714


HIGHLIGHTS

  • 5-year NNN Lease Term
  • Stable and reliable tenant
  • 9.00% Cap Rate
  • 12,500 SF on 5 acres
  • (2) 16’ Overhead Doors
  • Stable and reliable tenant

OVERVIEW

This offering by NRG Realty Group presents the opportunity to acquire a single-tenant industrial investment located at 801 SW 9th Street in Andrews, Texas, within the core of the Permian Basin. The property consists of a 12,500 square foot industrial facility situated on approximately 5 acres, providing both operational functionality and long-term land value. The asset is being offered at a purchase price of $1,250,000 and will be sold subject to a 5-year sale-leaseback with the current owner and occupant, Q2 Artificial Lift Systems. Q2 Artificial Lift Systems is a specialized oilfield services company focused on artificial lift solutions and equipment supporting energy production across the Permian Basin and surrounding markets. As part of this transaction, the tenant will execute a leaseback with a Year 1 base rent of $9,375 per month ($112,500 annually) and 3% annual rental escalations throughout the initial term. This structure provides investors with an attractive going-in capitalization rate of approximately 9.00%, offering immediate, cash flow with contractual income growth.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stable Tenant 9.00% Cap Rate Investment

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5

LAND SF

217,800

ZONING

F1

APN/PARCEL ID

09200-00512-0000

ASK ABOUT THIS PROPERTY

Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

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Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

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