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2444 N FM 1936

7,500 SF Industrial Building Odessa, TX 79763 $1,665,527 CAD ($222 CAD/SF) 9.49% Cap Rate

Executive Summary

The Havens Group, Inc. has been obtained for this exclusive investment opportunity. 7,500 SF of total space comprised of 2,500 SF of nicely finished office space and 5,000 SF of very clean shop space. Office is 2 stories with 2 restrooms downstairs and one private restroom upstairs. Small kitchenette. Shop has spray foam insulation, LED lights and a shop bathroom with shower. 3- 14'x16' insulated OH doors.
Property sits on .57 Acres and fenced with privacy fencing.
Tenant being MISTRAS group a publicly traded (NYSE: MG) company. MISTRAS Group is a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, helping to maximize the safety and operational uptime for civilization's most critical industrial and civil assets. Their key industries are Oil & Gas, Power, Manufacturing, Aerospace & Defense and Infrastructure. MISTRAS Group, Inc. was founded in 1978 and is based out of New Jersey. They have 110 worldwide locations with +/-4,800 employees. They are the only publicly-listed "Pure Play" Asset Protection Company. Tenant has 3.5 years remaining on current lease.

Property Facts

Price $1,665,527 CAD
Price Per SF $222 CAD
Sale Type Investment
Cap Rate 9.49%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 0.57 AC
Rentable Building Area 7,500 SF
No. Stories 1
Year Built 2018
Tenancy Single

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20500-00060-00000
Land Assessment
$17,860 CAD
Improvements Assessment
$497,703 CAD
Total Assessment
$515,563 CAD
  • Listing ID: 32125045

  • Date on Market: 2024-06-13

  • Last Updated:

  • Address: 2444 N FM 1936, Odessa, TX 79763

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