9% Cap Rate - Crypto Tenant 1603 S Viceroy Ave 9,126 SF Industrial Building Odessa, TX 79763 $2,038,652 CAD ($223.39 CAD/SF) 9% Cap Rate

1603 S Viceroy Ave presents a compelling stabilized investment opportunity in West Odessa, a submarket traditionally dominated by oil and gas service tenants. This offering is distinguished by its current tenant - since 2016, the team behind Synteq has been supplying Bitcoin mining ASIC hardware, data center infrastructure solutions, and expert consulting services to individuals and institutions around the world. Their unwavering commitment to clients and partners has made them the preferred vendor to 25 public companies, representing over $30b in total market capitalization.
The property consists of a 9,126-SF crane-served, multi-bay industrial facility situated on a 0.523-acre corner lot at the southeast corner of Remington Rd and Viceroy Ave, just north of Interstate 20. The building is well equipped for industrial users, featuring multiple overhead doors, a 1-ton crane, functional shop configurations, and dedicated office space. Its proximity to I-20 and Loop 338 supports efficient regional access while remaining embedded within Odessa’s established industrial base.
The asset is secured by a 5-year lease with the tenant currently paying $11,000 per month, generating a Net Operating Income of $132,000 annually. The offering is priced at $1,466,667, reflecting a 9.0% cap rate, which is attractive for investors seeking yield with reduced tenant volatility relative to typical West Texas industrial assets. This investment offers a rare combination of strong cash flow, non-energy tenant diversification, and a functional industrial facility in a proven location.
Located on a corner lot in Odessa, TX, this facility offers 9,126 SF on 0.523 Acres. The shop spaces total 8,150 SF featuring a 1-ton crane and (6) 18' w x 12' t overhead doors. 4 of those doors are automatic, the other 2 are manual. Separated into 2 spaces, the smaller 2,400 SF shop is fully serviced by HVAC while the larger 5,750 SF shop only has heat. These 2 spaces are connected by a bay door to create one large space if desired. Other shop amenities include recently replaced & updated lighting, airlines throughout, built-in cabinets forming a break area, shop restroom, and a portabuilding. Walk into the 976 SF office space with a glass conference room, reception area, and restroom. Conveniently surrounded by 18 parking spaces and serviced by 3-phase power with up to 1 MW capacity power, water well, and septic system. Appliances and TV's to remain with the property.