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Guidant 2230 E Murphy St

4,930 SF Industrial Building Odessa, TX 79761 $1,240,286 CAD ($252 CAD/SF) 8.50% Cap Rate

Investment Highlights

  • Industrial Asset Totaling 4,930 Square Feet, Situated on 0.43 Acres
  • Five-Year Triple-Net Lease with 3% Increases Signed by Guidant Corp.
  • Strategically Located Corner Lot with Easy Access to Interstate 20
  • Features Two Dock-High Doors, Two Grade-Level Doors, and 16’ Clear Height
  • Backed by One Equity Partners, Guidant is a Leader in Oil and Gas Measurement Technology and Automation Solutions

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2230 East Murphy Street in Odessa, Texas, leased to Guidant Corporation. The subject property consists of approximately 4,930 square feet of warehouse space and is situated on 0.43 acres of land. The single-tenant asset features metal construction, a clear height of 16’, two dock-high doors, and two grade-level doors. Strategically located on the corner of East Murphy Street and South Meadow Avenue, the property has direct access to Interstate 20. The tenant is signed to a new triple-net lease through December 2029 at $15.09 per square foot with 3.0 percent annual rent escalations. Established in 2024 when One Equity Partners acquired TechnipFMC’s Measurement Solutions business, Guidant Measurement is a leading provider of automated solutions that measure the flow, release, and detection of leaks of oil and gas products through transportation methods such as pipelines.
Located in West Texas, the Midland-Odessa metro is considered to be an energy capital as the Permian Basin is one of the biggest oil fields in the world and is home to some of the largest petroleum-producing companies. The metro consists of Martin, Midland, and Ector counties. The public sector is a top job provider, but the private sector is the economic driving force. The two largest cities are Midland with over 140,000 residents and Odessa with roughly 123,000 residents.
As the largest single source of oil and gas deposits in the United States, Odessa has long been known for its rich resources. New businesses have come to the city that have helped diversify the economy as well as reinforce the quality-of-life standards. Odessa proudly boasts worldclass cultural and recreational facilities as well as healthcare and transportation often associated with larger cities. It also serves as the crucial midpoint between Fort Worth and El Paso. Lucrative financial incentives, site selection, logistics, qualified workforce, easy access to foreign markets, and low cost-of-living make it easy to do business (odessatex.com). Major industries include: medical, energy, distribution, manufacturing, and technology.

Property Facts

Price $1,240,286 CAD
Price Per SF $252 CAD
Sale Type Investment NNN
Cap Rate 8.50%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.43 AC
Rentable Building Area 4,930 SF
No. Stories 1
Year Built 1981
Tenancy Single
Parking Ratio 1.62/1,000 SF
Clear Ceiling Height 16 ft
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2

Utilities

  • Water - City
  • Sewer - City

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08720-00020-00000
Land Assessment
$20,281 CAD
Improvements Assessment
$271,186 CAD
Total Assessment
$291,467 CAD

zoning

Zoning Code Inside City Limits
Inside City Limits
  • Listing ID: 33361952

  • Date on Market: 2024-10-01

  • Last Updated:

  • Address: 2230 E Murphy St, Odessa, TX 79761

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