Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

Enter the "Deal room" for exclusive documents related to this property.

I accept the confidentiality agreement I accept the confidentiality agreement

Attributes

Building Area

Property Description

JLL is pleased to offer qualified investors the opportunity to acquire 1220 S. Faudree (“The Property”), a 24,000 square foot industrial asset situated on ± 5.1 acres in Odessa, Texas. Currently 100% leased, the property provides the opportunity to invest in a newly constructed single-tenant, net leased industrial building with double digit levered cash on cash returns. The facility was developed on a spec basis and subsequently leased to Cross Country Infrastructure Services, a leading supplier of equipment in the construction industry. Cross Country Infrastructure competed with several other users who were interested in the building, a testament to the strength of the market. The property provides investors with cash flow security through a committed single tenant and a weighted average lease term of 4.8 years with 2.5% annual rent bumps throughout.

Investment Highlights

* COMMITTED SINGLE TENANT


* QUALITY TENANCY


* NEW CONSTRUCTION


* TECHNOLOGICAL ADVANCES IN THE PERMIAN BASIN ARE THE KEYS TO U.S. ENERGY PERFORMANCE


* THRIVING PERMIAN BASIN ECONOMY

Last Updated Date: 27 Jul 2020
Trent Agnew
Trent Agnew
Managing Director, Capital Markets
License details
TX-574897
Charlie Strauss
Charlie Strauss
Director, Capital Markets

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+41445083302
Last Updated Date: 27 Jul 2020

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.