Matthews Logo

Navigation Menu

2205 W Whitney Ln, Odessa, TX, 79766

2205 W Whitney Ln

$865,000

Key Information

$ per SF
$115
Tot. SF
7,500
Lot Size
6.19 Acres
Year Built
2023
Term Remaining
± 2 Years
Type
Industrial
Occupancy
100%
NOI
$78,000

Highlights

• In-Place Net Operating Income: Generates $78,000 in annual NOI, providing immediate income for the incoming owner.
• Triple-Net (NNN) Lease Structure: The existing lease provides a NNN structure through May 31, 2027, with the tenant responsible for applicable operating expenses as outlined in the lease.
• Rental Upside Potential: The upcoming lease expiration presents an opportunity to evaluate market rental rates and potentially increase income through a renewal or new lease.
• Modern Construction: Built in 2023, the ±7,500 SF property offers newer construction that may reduce near-term capital expenditure needs compared with older properties, subject to inspection and maintenance history.
• Ideal Owner-User Opportunity: An owner-user can acquire the property while collecting rental income through the remainder of the existing lease, helping offset ownership costs before taking occupancy.
• Flexible Investment Strategy: Appeals to both investors seeking to improve returns through future leasing decisions and businesses planning for future occupancy.
• Odessa Industrial Market: Located in the Permian Basin, the property offers exposure to the regional economy and demand from energy-related and industrial businesses.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204