Industrial NNN Facility with
For Sale
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2150 South Dixie Boulevard, Odessa, TX 79761
Single-tenant industrial facility with 10-ton crane, wash-bay, and extensive yard on a NNN structure through June 30, 2028.
Property Size39,580 SF
Lot Size28.63 Acres
Price / SF$170.74
Days on Market64
Property Features for 2150 South Dixie Boulevard
General Information
Standard status
Active
Size
39,580 SF
Lot size
28.63 Acres
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$642,000
Additional Details
Cap Rate
9.5%
Building Details
Year Built
2014
Year Renovated
2019
Buildings
4
Tenancy
Single
Listing Agency:
NRG Realty Group
(432) 363-4777
Listed By:
Justin Dodd · License #9004023
Source:
Crexi
Added: Jun 9
Changed: Aug 8
Last Checked: Aug 11 at 6:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NRG Realty Group
Investment Insights
Based on property information with market context.
This newer industrial facility includes a 10-ton crane, utility upgrades, a wash-bay for equipment cleaning, and features that support on-site operations for up to 50+ employees. The property sits on a 28.63-acre yard, providing room for industrial staging and equipment handling. The lease is structured as an NNN arrangement, with the tenant responsible for operating expenses including property taxes, insurance, and routine maintenance, while the landlord’s responsibilities are limited to roof replacement and structural maintenance.
Located at 2150 South Dixie Boulevard in Odessa, Texas, the asset serves as a mission-critical operational hub for KLX Energy Services, LLC (NYSE: KLXE). KLX has occupied the facility since 2016 and recently renewed its lease for an additional term. The current lease runs through June 30, 2028, and as of April 1, 2025 there are 39 months remaining. The tenant also has two 36-month renewal options.
For buyers seeking a turnkey industrial investment with long-term tenant occupancy, this property offers a single-tenant setup with defined landlord obligations under the NNN model. Renewal options are at Fair Market Value (FMV), providing a contractual framework for possible rent reset at extension. The reported current financial profile includes a 9.5% cap rate and $642,000 annually.
Located at 2150 South Dixie Boulevard in Odessa, Texas, the asset serves as a mission-critical operational hub for KLX Energy Services, LLC (NYSE: KLXE). KLX has occupied the facility since 2016 and recently renewed its lease for an additional term. The current lease runs through June 30, 2028, and as of April 1, 2025 there are 39 months remaining. The tenant also has two 36-month renewal options.
For buyers seeking a turnkey industrial investment with long-term tenant occupancy, this property offers a single-tenant setup with defined landlord obligations under the NNN model. Renewal options are at Fair Market Value (FMV), providing a contractual framework for possible rent reset at extension. The reported current financial profile includes a 9.5% cap rate and $642,000 annually.
Key Highlights
- 39,580 SF industrial facility built in 2014 on a 28.63‑acre site in Odessa, TX
- Single‑tenant NNN lease with KLX Energy Services, LLC (NYSE: KLXE); lease runs through June 30, 2028
- Tenant renewed lease post‑COVID for an additional 7 years; 39 months remaining as of April 1, 2025
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 79761, TX
30,187
Population
13,591
Households
2.2
Avg Household Size
35
Median Age
14%
College-Educated
76%
High-School Grad
10.4 sq mi
ZIP Area
2,903
Density / Sq Mi
$69,279
Median Household Income
$42,724
Median Earnings
$1,246
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Single-tenant industrial facility with 10-ton crane, wash-bay, and extensive yard on a NNN structure through June 30, 2028.
Where is this nnn property located?
The property is located at 2150 South Dixie Boulevard Odessa, TX.
What is the asking price?
The asking price for this property is $6,757,895.
What are key features of this property?
This property features: 39,580 SF industrial facility built in 2014 on a 28.63‑acre site in Odessa, TX; Single‑tenant NNN lease with KLX Energy Services, LLC (NYSE: KLXE); lease runs through June 30, 2028; Tenant renewed lease post‑COVID for an additional 7 years; 39 months remaining as of April 1, 2025
