Investment Overview

The subject property is located in Odessa, Texas, at the core of the Permian Basin, the most prolific and economically resilient oil and gas producing region in North America. The Permian Basin consistently leads the nation in crude oil and natural gas output, supported by tier-one reserves, low breakeven production costs, and sustained capital investment by major energy operators. Odessa, together with neighboring Midland, forms the Odessa–Midland Energy Corridor, a globally significant hub for drilling, completion, production, and well maintenance activities. The region supports a dense concentration of upstream, midstream, and oilfield services companies, creating persistent demand for specialized industrial real estate, equipment yards, service facilities, and logistics infrastructure. The area benefits from exceptional transportation connectivity, including immediate access to Interstate 20, which provides efficient east–west freight movement across Texas and direct links to regional and national distribution networks. Additional connectivity is provided by the Midland International Air & Space Port, supporting executive travel, workforce mobility, and expedited equipment logistics. Major operators active throughout the region include ExxonMobil, Chevron, Occidental Petroleum, Pioneer Natural Resources, and ConocoPhillips, whose long-term capital commitments continue to anchor employment, infrastructure investment, and economic growth. These operators support a broad ecosystem of contractors, manufacturers, and service providers that rely on strategically located industrial facilities. Texas’ pro-business regulatory environment, energy-friendly policies, and absence of state income tax further enhance the region’s appeal to industrial users and investors. Combined with strong population growth and limited new industrial supply near core energy corridors, the Odessa–Midland market offers durable fundamentals, long-term relevance, and strong downside protection for well-located industrial assets.