Reach Wireline Odessa, Texas
Status Under Contract
Location 12913 W. Interstate 20, Odessa, TX 79765
Captialilzation Rate 11.00%
Building Size 17,200 SF
Lot Size 5.67 Acres
Lease Type NNN
Term Remaining 1.52 Years
Price $ 3207264
- STNL Industrial Portfolio in Midland/Odessa, TX (Three of a Seven-Property Portfolio Across Texas)
- Crude Oil and Natural Gas Prices are at Pre-Pandemic Levels
- Large Lots Allowing Outside Storage (Vital to the Operation of Each Tenant)
- Long-Term Leases on Two of the Three Assets
- Varying Rent Growth
Reach Wireline, LLC is located off West Interstate 20 in Odessa, Texas. The property is a 17,200-square-foot facility and is sitting on 5.67 acres. The lease has approximately one and one-half years remaining and includes two-percent annual rent increases. Founded in early 2017 by a team of diverse and experienced wireline service professionals, Reach Wireline saw a need for cased-hold completion solutions for today’s extended reach laterals and unconventional plays. Reach Wireline is headquartered in Fort Worth with regional operations in the Permian and Delaware basins, Marcellus formation, and looking at the Denver-Julesburg (DJ) basin next.
Agent : Patrick Doherty
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512-338-7855
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patrick.doherty@marcusmillichap.com