Updated May 12, 2025
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
About this deal
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:
- Property Type: Industrial
- Transaction Amount: $5,250,000
- Address: 2121 East 2nd Street
- Market: Odessa
- Buyer: Eric Bean
- Seller: Kelly McCarty
- Brokers: Taylor Dintzner, Erik Manarino & John Stroud - Matthews Real Estate Investment Services
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.
On the Map
Industrial
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Players
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