A fully leased industrial building located at 2260B Ocotillo Dr in Pecos is on the market for $1.99 million. The 6,250-square-foot warehouse sits on 2.8 acres and offers an 8% cap rate under a triple net (NNN) lease with ChampionX, a tenant currently in the process of being acquired by Schlumberger.
Built in 2022, the Class A property includes five grade-level doors, a fenced lot, reception area, storage space, and air conditioning. With 24-hour access and city utilities, the facility is well-equipped for industrial operations and has room for future expansion.
The lease extends through August 2027 and includes minimum 2.5% annual rent increases. Located within an Opportunity Zone, the site may offer additional tax advantages to investors.
Property Highlights:
- Price: $1,990,000
- 6,250 SF warehouse on 2.80 acres
- 8% cap rate | $25.33/SF rent | Absolute NNN lease
- Lease ends August 2027 with annual 2.5% rent bumps
- Tenant: ChampionX (acquired by Schlumberger)
- Built in 2022 | 16’ ceiling height | 5 drive-in doors
- Zoning: Commercial | City water/sewer
- Located in an Opportunity Zone
Listed by:
Derek Anthony, Waypoint Real Estate Advisors, LLC
(817) 991-5072
Listing ID: 35335117 | Date on Market: April 1, 2025
Real Estate Coverage Sponsored by Rod Ponton at Big Bend Law
