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Pecos, TX

Crossfire, LLC

Address:
7 US Highway 285, Pecos, TX 79772
Property Type:
Single Tenant
Price:
$1,669,000
Cap Rate:
14.38% cap
NOI:
$240,000
Square Feet:
8,727 sqft
Lot Size:
20.7 acres
Price Per Square Foot:
$191.25
Year Built:
2014
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* By downloading the Marketing Package (Offering Memorandum) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

Investment Highlights

Investment Highlights

Investment Highlights

• 8,727 Square-Foot Industrial Asset, Situated on 20.7 Acres of Land
• Metal Construction Featuring Three Grade-Level Doors, Training Room and 5,381 Square-Feet of Warehouse Space
• Three Years Remaining on NNN Lease with Crossfire, LLC: A Strike Company, Who Has Occupied the Property Since 2015
• Crossfire, LLC Provides Oil and Gas Field Construction and Infrastructure Services, Employing Roughly 1,000 Employees
• Strike USA is One of the Fastest Growing Private Pipeline, Facilities, and Energy Infrastructure Solutions Providers in the Country; Operating Since 2003
• Strike USA Employs Over 4,000 Employees and Operates Out of 24 Service Locations
• Fenced Caliche Lot with Ample Tenant Outside Storage Space and Room for Additional Development
• Located Just to the North of Pecos, the Property Features Frontage Along Highway 285 for Easy Access

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 7 U.S. Highway 285 in Pecos, Texas, leased to Crossfire, LLC. The subject property consists of approximately 8,727 square feet of space and is situated on 20.7 acres of land. The asset features metal construction, three grade-level doors, a training room, and 5,381 square-feet of warehouse space. There is also a fenced caliche lot with ample tenant outside storage space and room for additional development. There are three years remaining on the triple-net lease with a Strike company, Crossfire, LLC., who has occupied the property since 2015. Crossfire, LLC. provides oil and gas field construction and infrastructure services, employing roughly 1,000 employees. Strike USA is one of the fastest growing private pipeline, facilities, and energy infrastructure solutions providers in the country. In business since 2003, Strike USA employs over 4,000 employees and operates out of 24 service locations. Located just to the north of Pecos, the subject property features frontage along Highway 285 for easy access.

Crossfire is a premier provider of pipeline needs in the western states, with services including maintenance, well tie-ins, reclamation of well sites, civil infrastructure, integrity, pipeline, facilities, and EPC. As a Strike company, Crossfire has the resources and scope to maintain decades-long relationships with clients through a variety of project types and specialty services nationwide. (crossfire-llc.com) With presence across the entire country, Strike is more responsive and relevant, and able to leverage local crews that have expertise working in a variety of regional terrains. (strikeusa.com)

Pecos is well known for delicious cantaloupes and its connection to the renowned character Pecos Bill. But this community might be most recognized as “Home to The World’s First Rodeo.” Pecos is emerging as a regional retail and services cluster due to its strategic location in the center of the Trans Pecos region. Pecos is located at the intersection of IH-20 and US-285. IH-20 connects the Dallas/Fort Worth corridor to El Paso and US-285 connects the Trans Pecos region to New Mexico. Other emerging economic clusters include education, oil/gas and regional entertainment venues. Pecos is focused on diversifying and expanding its economic base, all of which will contribute to the growth of Pecos and its reemergence as a regional hub. (pecostx.gov)

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2021 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060762)