2205 W Whitney Ln, Odessa, TX, 79766
2205 W Whitney Ln
Key Information
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.
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