Leased Industrial Property in
For Sale
Contact for pricing
7309 Andrews Hwy, Odessa, TX 79765
Fully leased industrial property with NNN lease expiring in 2029.
Property Size27,236 SF
Lot Size2.00 Acres
Price / SF$58.75
Days on Market161
Property Features for 7309 Andrews Hwy
General Information
Standard status
Active
Size
27,236 SF
Lot size
2.00 Acres
Property subtype
Industrial
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$145,000
Building Details
Year Built
1974
Tenancy
Single
Listing Agency:
NRG Realty Group
(432) 363-4777
Listed By:
Justin Dodd · License #9004023
Source:
Crexi
Added: Mar 17
Changed: Aug 9
Last Checked: Aug 24 at 4:07AM
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 investment offering features a fully leased industrial property located at 7305 & 7309 Andrews Highway in Odessa, Texas. The property is occupied by Tucker Valve Seat Co., a division of Cooper Machinery Services. The portfolio consists of two buildings. The first building, located at 7305 Andrews Highway, is a 14,900 square foot facility built in 1990 on a 1-acre lot. It includes 1,840 square feet of office space and two 8-foot dock doors. The second building, located at 7309 Andrews Highway, is a 12,336 square foot building built in 1974 on a 1-acre lot. It features 1,348 square feet of office space, one 10-foot dock door, and one 8-foot dock door. The tenant occupies the space under a NNN lease expiring February 1, 2029, providing a current NOI of $145,000. The buildings have a combination of office and warehouse space.
Key Highlights
- Fully leased industrial property with a NNN lease expiring February 1, 2029, providing stable income.
- Boasting a current Net Operating Income (NOI) of $145,000.
- Located in the heart of Odessa, Texas.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 79765, TX
21,163
Population
9,709
Households
2.2
Avg Household Size
31
Median Age
26%
College-Educated
91%
High-School Grad
23.4 sq mi
ZIP Area
904
Density / Sq Mi
$100,844
Median Household Income
$53,204
Median Earnings
$1,535
Median Rent
$299,800
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Fully leased industrial property with NNN lease expiring in 2029.
Where is this warehouse located?
The property is located at 7309 Andrews Hwy Odessa, TX.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Fully leased industrial property with a NNN lease expiring February 1, 2029, providing stable income.; Boasting a current Net Operating Income (NOI) of $145,000.; Located in the heart of Odessa, Texas.
