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Edgen Murray | Pecos TX | Industrial

$2,394,000

528 Farm to Market 1450, Pecos, TX 74137

Active
Last Updated: 12/01/2021

9,000 sqft

Building Size

2 acres

Lot Area

Details:
Building Size:    9,000 sqft
Lot Area:    2 acres
Occupancy:    100%
Lease Type:    Triple Net
Year Built:    2020
Tenancy:    Single
Roof:    Pitched Metal
Lease Expire Year:    03/31/2028
Highlights:
  • Investment Grade Credit Tenant
  • Strategic Location in a highly Active Energy Market
  • Highly Passive Lease Structure
  • Annual Rent Increases
Description:

EDGEN MURRAY, A SUBSIDIARY OF SUMITOMO CORPORATION COMPANY, IS A LEADING GLOBAL SUPPLIER OF SPECIALIZED PRODUCTS FOR WORLDWIDE ENERGY AND INFRASTRUCTURE MARKETS.

Edgen Murray manages procurement and provide value-added services and delivery of high-performance plate, sections, pipe, fittings, flanges, and valves. Their goal distribution platform expands across the Americas, Europe, the Middle East, and Asia Pacific region. They service their customers from locations across the globe and go beyond traditional sourcing by offering experienced project management teams who are knowledgeable about the applications they service and their product offerings.


SUMITOMO CORPORATION
Sumitomo engages in the business of trading services. It operates through the following
segments: Metal Products, Transportation and Construction Systems, Infrastructure, Media and
Digital, Living Related and Real Estate, and Mineral Resources, Energy, Chemical and Electronics.
Sumitomo Corporation is ranked #238 in the Fortune Global 500. In the trailing twelve months,
Sumitomo had revenues in excess of $42 Billion, a net worth of $22.9 Billion, and a Standard &
Poor’s credit rating of BBB+.

Investment Grade Credit Tenant - guaranteed by Sumitomo Corporation, a BBB+ rated company with over $4.5 Billion in revenues and a net worth of $2.5 Billion.

Strategic Location in a Highly Active Energy Market - Property is situated west of the
Midland/Odessa markets in Pecos, Texas and in the Permian Basin. The Permian Basin is the second largest oil and gas production market in the entire world and the single largest in the United States.

Highly Passive Lease Structure – Subject Property is encumbered with a NNN lease with the Landlord only being responsible for the roof and structural components of the property.

Annual Rent Increases – The lease calls for scheduled 2% Annual rent increases throughout the duration of the lease term.

Map:
Documents:
Title
Edgen_Murray, Pecos.pdf
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