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TEAM Industrial Services 196 Allen Brown Rd 28,222 SF Industrial Building Odessa, TX 79765 $6,429,032 CAD ($227.80 CAD/SF) 8% Cap Rate
Investment Highlights
- CORPORATE GUARANTY FROM LARGE PUBLIC ENTITY
- ATTRACTIVE AMENITIES OFFER HIGH RESIDUAL VALUE | HIGH-GROWTH, AFFLUENT MARKET
- PASSIVE NN LEASE WITH MINIMAL LANDLORD FINANCIAL RESPONSIBILITY
- NEW 2021 BTS CONSTRUCTION | LARGE 5+ ACRE SITE
- 7-YEARS OF BASE TERM REMAINING WITH ANNUAL INCREASES
- ±30% BELOW MARKET RENT WITH SIGNIFICANT “MARK TO MARKET” OPPORTUNITY | STRATEGIC LOCATION IN PERMIAN BASIN
Executive Summary
Northmarq Commercial, on behalf of Ownership as its exclusive advisor, is pleased to offer for sale, the fee-simple interest in the single-tenant industrial property located at 196 Allen Brown Road in Odessa, Texas (the “Property”). Fully leased to TEAM Industrial Services, Inc. (NYSE: TISI), the Property was a build-to-suit facility in 2021 that consolidated two of the Tenant’s facilities in the region. TEAM, Inc. is a leading, global provider of specialty industrial services, including an array of inspection, heat-treating and mechanical services. It operates in 13 countries around the world and generated nearly $900 million in revenue in 2025.
Property Facts
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- TEAM Inc
- Manufacturing
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99,999 SF
- -
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| TEAM Inc | Manufacturing | 99,999 SF | - | Jan 0000 |
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Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 0054050.015.0180 | Improvements Assessment | $2,149,173 CAD |
| Land Assessment | $285,013 CAD | Total Assessment | $2,434,187 CAD |
Property Taxes
Parcel Number
0054050.015.0180
Land Assessment
$285,013 CAD
Improvements Assessment
$2,149,173 CAD
Total Assessment
$2,434,187 CAD
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TEAM Industrial Services | 196 Allen Brown Rd
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