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Investment Sale: Giant Tools USA, 9% Cap Rate 3927 S County Road 1290 9,618 SF Industrial Building Odessa, TX 79765 $2,326,999 CAD ($241.94 CAD/SF) 9% Cap Rate



INVESTMENT HIGHLIGHTS
- Tenant: Giant Oil Tools
- 9,618 SF on 2.29 Acres
- Lease Expiration: 12/31/2029
EXECUTIVE SUMMARY
NRG Realty Group has been selected to exclusively market the opportunity to acquire the Giant Oil Tools property in Odessa, Texas featuring a 9,618 SF building on 2.29 acres exclusively leased to Giant Oil Tools. The lease runs through 12/31/2029 and features 3% annual increases and a triple net lease structure. The property is conveniently located between Hwy 80 & Interstate 20 off of SCR 1290 which runs over the railroad and to I-20.
This property boosts a five drive-in bay shop on 2.29 Acres in Midland, TX. The 3,593 SF office is setup as a large showroom with a break room, four private offices, and two restrooms all with central heating & air. The shop is foam insulated featuring (5) 16' overhead doors and 3-Phase power with 50 amp service between each door. Serviced by water well and septic system. Site is fully fenced and stabilized with caliche.
This property boosts a five drive-in bay shop on 2.29 Acres in Midland, TX. The 3,593 SF office is setup as a large showroom with a break room, four private offices, and two restrooms all with central heating & air. The shop is foam insulated featuring (5) 16' overhead doors and 3-Phase power with 50 amp service between each door. Serviced by water well and septic system. Site is fully fenced and stabilized with caliche.
PROPERTY FACTS
| Price | $2,326,999 CAD | Rentable Building Area | 9,618 SF |
| Price Per SF | $241.94 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2023 |
| Cap Rate | 9% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 17’ |
| Lot Size | 2.29 AC | No. Drive In / Grade-Level Doors | 5 |
| Zoning | Outside City Limits | ||
| Price | $2,326,999 CAD |
| Price Per SF | $241.94 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| Property Type | Industrial |
| Lot Size | 2.29 AC |
| Rentable Building Area | 9,618 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Tenancy | Single |
| Clear Ceiling Height | 17’ |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | Outside City Limits |
UTILITIES
- Water - Well
- Sewer - Septic Field
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Miller's RV Specialties Inc
- Transportation and Warehousing
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| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Miller's RV Specialties Inc | Transportation and Warehousing | - | - | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | R000007-876 | Improvements Assessment | $1,732,355 CAD |
| Land Assessment | $96,766 CAD | Total Assessment | $1,829,122 CAD |
PROPERTY TAXES
Parcel Number
R000007-876
Land Assessment
$96,766 CAD
Improvements Assessment
$1,732,355 CAD
Total Assessment
$1,829,122 CAD
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Investment Sale: Giant Tools USA, 9% Cap Rate | 3927 S County Road 1290
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