2150 South Dixie Boulevard, Odessa, TX 79761

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.