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This Industrial Property is no longer advertised on LoopNet.ca.

12118 E Interstate 20
Odessa, TX 79765

Patterson Services, Inc. · Industrial Property For Sale

Investment Highlights

  • Significantly Below Market Rents and No Remaining Options, Leaving Opportunity to Raise Rents and Increase Cash Flow Upon Renewal
  • Tenant Made Significant Improvements of Over $2 Million in the Property in 2018
  • Excellent Demographics With a Population of 19,242 Residents Making an Average Household Income of $122,941 Within a 5-Mile Radius
  • Patterson Oil’s Parent Company, RPC, is a Publicly Traded Company (NYSE: RES) With Revenues of Over $1.22 Billion in 2019
  • Strategically Situated Along I-20 (Over 40,000 VPD) Between Midland and Odessa and Just Minutes From the Midland International Airport
  • Population Increases to 179,104 Residents Within a 10-Mile Radius

PROPERTY FACTS

Property Type
Industrial
  • Industrial Distribution
  • Industrial Manufacturing
  • Industrial Service
Building Class B
Lot Size 7.69 AC
Rentable Building Area 45,500 SF
No. Stories 1
Year Built/Renovated 1979/2018
Tenancy Single

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R000008-876
Land Assessment
$331,299
Improvements Assessment
$1,428,449
Total Assessment
$1,759,748
  • Listing ID: 22736318

  • Date on Market: 2021-04-14

  • Last Updated:

  • Address: 12118 E Interstate 20, Odessa, TX 79765

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