A&B VALVE & PIPING SYSTEMS LLC (PECOS, TX)
By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.
• 14,500-Square Foot Industrial Asset Situated on 5.68 Acres
• Three Years Remaining On the Lease with A&B Valve & Piping Systems, LLC a Leading Supplier of Pipe, Valve, Fittings, Flanges, and Related Products to the Energy Industry
• The Tenant has Been Granted a Rent Reduction Through April 2021, Creating a 28% Pro-Forma Cap Rate
• The Pecos Office Grew the Company’s Footprint to Eight Locations Throughout Texas and Louisiana
• Major Hub for A&B Valve & Piping Systems LLC’s Maintenance, Repair, and Operations (MRO) Customer Base
• Ample Outside Storage on Full Caliche Lot with Asphalt Millings
• Located Just Off Ranch Road 869, Proximate to Interstate 20
Marcus & Millichap is pleased to present the opportunity to acquire the property located at 491 Blackbird Drive in Pecos, Texas leased to A&B Valve & Piping Systems LLC. The subject property consists of approximately 14,500 square feet of space and is situated on 5.68 acres of land. The subject property features ample outside storage on a full caliche lot with asphalt millings. Located just off Ranch Road 869, the asset is proximate to Interstate 20. There are three years remaining on the lease with A&B Valve & Piping Systems, a leading supplier of pipe, valve, fittings, and related products in the energy industry.
Founded in 1972, A&B Valve & Piping Systems LLC focuses on the complexity of all facets of the oil and gas, refining, petrochemical, and other industrial markets. A&B has extensive inventories, a vast distribution network, and the technical knowledge behind those products to support their customers’ supply chain. The company currently has seven offices throughout Texas and Louisiana, with corporate headquarters in Houston. A&B has strong relationships with a variety of domestic and global manufacturers to provide customers with a wide range of project options, big or small. A&B supports major projects through the utilization of project teams designed for the specific project and the individual client, end user or engineering and construction firm. (abvalve.com)
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. The residents of the City of Pecos and Reeves County recently adopted a 2 percent venue tax that will also contribute to increased HOT taxes that are expected to provide the funding base to redevelop the Reeves County Rodeo Grounds and Convention Center. This new funding base is also expected to facilitate the marketing and promotion of the City of Pecos as the “Home of the World’s First Rodeo.” 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 should contribute to the growth of Pecos and its reemergence as a regional hub. (pecostx.gov) Major employers in Pecos, Texas include: Apache, BHP Billiton, Noble Energy, Reeves County Hospital, Walmart, and TxDot. (pecosedc.com)