R&D Specialties 4320 Johnson Rd 82 755 pi² Industriel Immeuble Odessa, TX 79764 11 097 564 $ CAD (134,10 $ CAD/pi²) 8,47% Taux de capitalisation

The Havens Group, Inc. is pleased to announce this Single Tenant Net Lease (STNL) investment opportunity featuring a highly landlord favorable long-term lease. This manufacturing facility is leased to R&D Specialties who has as its main focus a customer centric business of manufacturing UL certified panels, panel racks, Motor Control Centers, Soft Start Packages, VFD's and various other types of panel rack integrated services. Locally operated since their inception in 1983. They offer over 100 years of combined experience with 24/7 availability. The current lease agreement commenced on October 1, 2024 with an initial expiration date of September 30, 2034. Offering a remaining term of over 9 years. The current lease rate is $56,100.00 per month plus NNN Charges. This lease also boasts 2% annual escalations in the lease rate. Lease also contains two (2) 5-year renewal options with the continuation of the 2% annual escalations. Lease written as a true net lease. This property has a total of 6 buildings on site totaling +/- 82,755 SF. Includes dry storage, paint booth, sand blasting building and large manufacturing area. Multiple OH cranes in place. Administration office is new to the property. Property in a very convenient location with immediate access to Loop 338 and Hwy. 302. Buildings have an age range from 1961 through 2014. Ample 3 phase electric on site.