TITLE:
Texas Warehouses Income plus Upside
CONTROL:
Exclusive
VALUE:
$2,495,000
LOAN:
$0
EQUITY:
$2,495,000
TYPE:
Industrial
HAVE:
Recently renovated 41,360 SF industrial facility situated on 2.7 acres in Odessa, Texas. Two warehouse buildings (19.8K & 21.4K sft) and fully fenced. New roof coating in '24 w 10 year warranty. Bldg 1 - $157K NOI, 4 years left.
ADDRESS:
4519 Brazos Ave, Odessa, Texas
BENEFITS TO NEW OWNER:
Leverage Into Larger Property
GROSS SCHEDULED INCOME:
$285,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$285,000
EXPENSES:
$0
NOI:
$285,000
DEBT SERVICE:
$0
CASH FLOW:
$285,000
CAP RATE:
11.42%
BENEFITS SOUGHT:
Use this equity as a downstroke for larger property, or a path to cash to use for the next project.
CAN ADD:
Property, Cash, Signature, Expertise
REMARKS:
NOI on leased building is $157K. Building #2 listed at $5.95/sf, or $128K. Combined NOI $285K once leased, worth nearly $3.2M at a 9% cap. Tons of upside! Could go into $3-10M for right deal (industrial/office/retail pref)
COUNSELOR:
Tyler Nepote
Wedgewood Capital Partners
125 N Market Ste 1735
Wichita, Kansas, 67202
