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3090 Texas 17 6,400 SF Industrial Building Pecos, TX 79772 $1,816,092 CAD ($283.76 CAD/SF) 9.50% Cap Rate
EXECUTIVE SUMMARY
• Strong National Tenant - Q2 Artificial Lift Services is rapidly growing leader of artificial lift products and services, supporting oil and gas producers across North America. The company operates a network of over 40 strategic locations, ensuring responsiveness and reliability in energy-driven markets.
On March 19th, 2025, Q2 Artificial Lift Services completed its acquisition of Lufkin Industries’ North America Downhole (“NAM Downhole”) business including all Lufkin pump shops across Canada and the U.S., as well as key manufacturing operations in Red Deer, Alberta and Midland, Texas. For over 120 years, Lufkin has been a globally recognized leader in surface pumping and automation solutions for the oil and gas industry, with operations in over 80 countries
• Passive Industrial NNN / 3% Annual Increases - Q2 Artificial Lift Services occupies this site under an Industrial NNN lease offering passive income and limited landlord responsibilities. The lease is structured with scheduled 3% annual rent escalations allowing a strong hedge against inflation.
• Functional Low-Coverage IOS Facility – Built in 2013, this highly functional ±6,400 SF industrial facility is situated on ±2.14 acres of land (6.88% building/lot coverage) allowing for significant industrial outdoor storage (IOS) capabilities, which is one of the most sought-after asset classes in today’s market.
• Direct Access to Major Energy Corridors – The subject facility is strategically located at the epicenter of the Permian Basin, the most productive oil and gas region in the U.S., which serves the Delaware Basin, a high-growth sub-basin known for its rich hydrocarbon reservoirs and continuous drilling activity. This location provides immediate access to one of the most active and capital-intensive energy markets in North America. The Pecos area is surrounded by high-density drilling and production operations and this industrial zoned facility is designed to accommodate oilfield operations, equipment yards, maintenance shops, & supply chain logistics adding key advantages which include:
o Heavy-load road access for trucking & equipment
o Open yard space for inventory staging & storage
o Utilities and infrastructure suited for industrial-grade use
On March 19th, 2025, Q2 Artificial Lift Services completed its acquisition of Lufkin Industries’ North America Downhole (“NAM Downhole”) business including all Lufkin pump shops across Canada and the U.S., as well as key manufacturing operations in Red Deer, Alberta and Midland, Texas. For over 120 years, Lufkin has been a globally recognized leader in surface pumping and automation solutions for the oil and gas industry, with operations in over 80 countries
• Passive Industrial NNN / 3% Annual Increases - Q2 Artificial Lift Services occupies this site under an Industrial NNN lease offering passive income and limited landlord responsibilities. The lease is structured with scheduled 3% annual rent escalations allowing a strong hedge against inflation.
• Functional Low-Coverage IOS Facility – Built in 2013, this highly functional ±6,400 SF industrial facility is situated on ±2.14 acres of land (6.88% building/lot coverage) allowing for significant industrial outdoor storage (IOS) capabilities, which is one of the most sought-after asset classes in today’s market.
• Direct Access to Major Energy Corridors – The subject facility is strategically located at the epicenter of the Permian Basin, the most productive oil and gas region in the U.S., which serves the Delaware Basin, a high-growth sub-basin known for its rich hydrocarbon reservoirs and continuous drilling activity. This location provides immediate access to one of the most active and capital-intensive energy markets in North America. The Pecos area is surrounded by high-density drilling and production operations and this industrial zoned facility is designed to accommodate oilfield operations, equipment yards, maintenance shops, & supply chain logistics adding key advantages which include:
o Heavy-load road access for trucking & equipment
o Open yard space for inventory staging & storage
o Utilities and infrastructure suited for industrial-grade use
PROPERTY FACTS
| Price | $1,816,092 CAD | Lot Size | 2.14 AC |
| Price Per SF | $283.76 CAD | Rentable Building Area | 6,400 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.50% | Year Built | 2013 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $1,816,092 CAD |
| Price Per SF | $283.76 CAD |
| Sale Type | Investment |
| Cap Rate | 9.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.14 AC |
| Rentable Building Area | 6,400 SF |
| No. Stories | 1 |
| Year Built | 2013 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 3 |
| Opportunity Zone |
Yes |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Q2 Artificial Lift Services, LLC
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Q2 Artificial Lift Services, LLC | - | - | - | - |
PROPERTY TAXES
| Parcel Number | 0028487 | Improvements Assessment | $412,799 CAD |
| Land Assessment | $198,649 CAD | Total Assessment | $611,448 CAD |
PROPERTY TAXES
Parcel Number
0028487
Land Assessment
$198,649 CAD
Improvements Assessment
$412,799 CAD
Total Assessment
$611,448 CAD
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3090 Texas 17
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