ACCEL COMPRESSION / MICA TOOL & TURBULATOR (ODESSA, TX)

SALE LEASEBACK

4500 SOUTH COUNTY ROAD 1310, ODESSA, TX 79765
Price :
$ 2,648,000
Cap Rate :
10.00%
NOI :
$ 264,790
Lot Size :
9.79 acres
Year Built :
1969/2019
Property Area :
26,479 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• Five Industrial Buildings Totaling 26,479 Square-Feet, Situated on 9.79 Acres
• All Original Metal Siding and Roofing Replaced in 2019, with the Addition of Two Newly Constructed Warehouses
• Seven-Year Leaseback with Accel Compression and Mica Tool & Turbulator with 1.5% Annual Increases
• Accel Compression, Inc. was Formed in 2004 to Fill the Market Needs for Small, Low Horsepower Natural Gas Compressors
• Mica Tool & Turbulator has a Portfolio of Industrial Equipment and Drilling Tools to Service the Oil Industry
• Excess Land Allows for Ample Outside Storage or Additional Property Development
• Ideal Locations with Easy Access to Interstate 20 and Interstate 20 Business Loop

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 4500 South County Road 1310 in Odessa, Texas, leased to Accel Compression and Mica Tool & Turbulator. The subject property consists of five industrial buildings totaling approximately 26,479 square feet of space and are situated on 9.79 acres of land. For the three original buildings, all roofs and metal siding were replaced in 2019, with the addition of two newly-constructed warehouses. Excess land allows for ample outside storage or additional property development by an investor. The seven-year leaseback with Accel Compression and Mica Tool & Turbulator has 1.5 percent annual increases. The subject property is in an ideal location with easy access to Interstate 20 and Interstate 20 Business Loop.

Accel Compression, Inc. was founded in 2004 to fill market needs for small, low horsepower, natural gas compressors. The company offers both electric and natural gasfired compressors, with products ranging from vapor recovery units to skids capable of discharging into 1100 psi systems. Units are available for rental, lease, or purchase. Full field service is available for rental units or for company-owned units. They offer both NG and diesel-powered gen sets for rental or sale in sizes ranging from 50- 400kW. (accelcompression.com)

Mica Tool & Turbulator is a provider of a selection of drilling tools. With over 30 years of experience, the company has a portfolio of industrial equipment that is designed to provide solutions to meet quality and performance. Products offered include bow spring centralizers, single-piece Stello centralizers, hollow vane centralizers, float equipment, and they are the only company to provide steel solid body centralizers since 1987. (micatoolusa.com)

As the largest single source of oil and gas deposits in the United States, Odessa has long been known for its rich resources. New businesses have come to the city that have helped diversify the economy as well as reinforce the quality of life standards. Odessa proudly boasts world-class cultural and recreational facilities as well as healthcare and transportation often associated with larger cities. It also serves as the crucial midpoint between Fort Worth and El Paso. Lucrative financial incentives, site selection, logistics, qualified workforce, easy access to foreign markets, and low cost-of-living make it easy to do business (odessatex.com). Major industries include: medical, energy, distribution, manufacturing, and technology.

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. © 2020 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060703)

Exclusive Listing

Davis Cagle
(972) 755-5230
Lic # TX : 722097
Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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