EZ PIPELINE PADDERS (ODESSA, TX)

SALE LEASEBACK

1550 LAREDO DRIVE, ODESSA, TX 79761
Price :
$ 1,227,000
Cap Rate :
13.50%
NOI :
$ 165,700
Lot Size :
3.88 acres
Year Built :
1981
Property Area :
16,570 sqft
Status :
UNDER CONTRACT
MARKETING PACKAGE

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

 

Investment Highlights

  • 16,570 Square-Foot Industrial Asset, Situated on 3.88 Acres
  • Features 28’ Clear Height, Three 5-Ton Cranes, Two 10-Ton Cranes, 20’ x 60’ Paint Booth and 14 Grade-Level Doors
  • Three-Year Leaseback with EZ Pipeline Padders, Providing Cost Effective Pipeline Padding Equipment for Over 20 Years
  • The Company Designs and Builds Padding Machines with Fewer Service Issues and a Superior Design to Other Competitive Products
  • Fully Fenced Lot with Ample Tenant Outside Storage and Parking Space
  • Convenient Location Near I-20 and Grandview Avenue for Easy Access

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1550 Laredo Drive in Odessa, Texas, leased to EZ Pipeline Padders. The subject property consists of approximately 16,570 square feet of space and is situated on 3.88 acres of land. The asset features metal construction, 28’ clear height, overhead cranes, a paint booth, and 14 grade-level doors. With a fully fenced lot, there is ample tenant parking space and outside storage. EZ Pipeline Padders is committed to a three-year sale leaseback, providing cost effective pipeline padding equipment for 20 years. The company designs and builds padding machines with fewer service issues and a superior design to other competitive products. The subject property is at a convenient location near I-20 and Grandview Ave for easy access.

Designing, selling, and servicing the best padding/bedding equipment in the industry, EZ Pipeline Padders has been in business over 22 years. Utilizing fewer moving parts to reduce maintenance and increase equipment life, the EZ Padder turned a costly process into a productive, easy solution for pipeliners. The modern EZ Padder allows most companies who have invested in this productivity-enhancing solution to see it pay for itself in the first project and become a valuable profit center for the future. The EZ team consists of skilled, professional technicians who service the machines they have designed and built. Everyone involved in the process is also an operator and focuses their considerable talent towards ensuring a great client experience. (ezpadders.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: ZAB0060430)

Exclusive Listing

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

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