Updated Dec 18, 2023
Brendan Conway Acquires Industrial Property In Odessa, TX For $4.01M
1220 South Faudree Road, Odessa, TX 79766
Building Size
24,000 SF
Asset Type
Industrial
Closing
Jan 21, 2022
About this deal
AI
A 24,000 square foot industrial property located at 1220 South Faudree Road in Odessa, TX has been sold. The sale took place on January 21, 2022. The property was listed for an asking price of $4,011,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,011,000
- Market: Odessa, TX
- Address: 1220 South Faudree Road
The buyer was represented by Brendan Conway from Horvath & Tremblay, while the seller was represented by Davis Cagle from Marcus & Millichap.
Traded’s record for 1220 South Faudree Road, Odessa, TX 79766 in Odessa, Texas covers a industrial sale from 2022. The building is 24,000 square feet, implying about 0 per square foot on the published price. Davis Cagle, Brendan Conway, Horvath & Tremblay, Marcus & Millichap appear on the sale alongside Horvath & Tremblay, Marcus & Millichap. This page is the Odessa, Texas file for the 1220 South Faudree Road, Odessa, TX 79766 industrial sold: pricing, party profiles, and other closed industrial comps from the same Odessa sit in the Market section below. Filter that Odessa industrial set by closing date to see what else sold near 1220 South Faudree Road, Odessa, TX 79766 around 2022. Cite this Brendan Conway Acquires Industrial Property In Odessa, TX For $4.01M sale when underwriting similar industrial product around Odessa, Texas.
Players
Odessa Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Browse Texas industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93