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2121 East 2nd Street

Eric Bean Acquires Industrial Property From Kelly McCarty In Odessa For $5.25M
SOLDIndustrial

Eric Bean Acquires Industrial Property From Kelly McCarty In Odessa For $5.25M

2121 East 2nd Street

Building Size

44,000 SF

Asset Type

Industrial

Closing

Apr 29, 2025

AI

The property asset involved in this transaction is an industrial facility located at 2121 East 2nd Street, Odessa. The asset encompasses a total square footage of 44,000 and was sold for a transaction amount of $5,250,000.

Summary of transaction details:

Key individuals representing the deal include the buyer Eric Bean and the seller Kelly McCarty. The brokers involved in facilitating the transaction are Taylor Dintzner, Erik Manarino, and John Stroud, who are part of Matthews Real Estate Investment Services.

Players

Erik Manarino

Matthews

Broker

$18.2M

vol

4 deals

Broker

Odessa Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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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