NCS Multistage Odessa, Texas
Status Under Contract
Location 12610 W County Road 137, Odessa, TX 79756
Captialilzation Rate 8.75%
Building Size 40,593 SF
Lot Size 5.00
Lease Type NNN
Term Remaining 10 Years
Price $ 5170000
- New Build-To-Suit in Midland County
- NCS Multistage is a Leading Provider of Highly-Engineered Products and Services that Enable Operators to Optimize Oil and Natural Gas Well Completions
- 10-Year Lease with Two Percent Annual Increases
- Strategically Located Near Interstate 20 with an Average Daily Traffic Count of 35,856 Vehicles Per Day
- The Permian Basin is Producing Over 4.1 Million Barrels of Oil Per Day
- New Pipelines Have Allowed Increased Production in the Permian Basin
The subject property is a 40,593-square-foot facility sitting on five acres located between Midland and Odessa on Interstate 20. This is a brand new, build-to-suit with construction completed in 2020. The lease term is 10 years and the lease includes two percent annual increases.
NCS Multistage is a leading provider of highly engineered products and support services that enable oil-and-gas operators to optimize oil and natural gas well completions and field development strategies. The company provides products and services primarily to exploration and production companies for use in onshore wells, predominantly wells that have been drilled with horizontal laterals in unconventional oil and natural gas formations. Its products and services are utilized in oil and natural gas basins throughout North America and in selected international markets, including Argentina, China and Russia.
Agent : Patrick Doherty
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512-338-7855
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patrick.doherty@marcusmillichap.com