Edgen Murray | Pecos, TX

Industrial

528 FM 1450 Pecos TX 79772
Price:
$ 2,394,000
Property Size:
9,000 sqft
Cap Rate:
7.5
NOI:
$ 179,544
Lot Size:
2 acres
Year Built:
2020
Status:
Sale

INVESTMENT HIGHLIGHTS
❚ Investment grade credit lease guarantor (Sumitomo Corp.)
❚ Brand new construction (2020)
❚ Highly passive NNN lease structure
❚ 2% annual rent increases

Edgen Murray, a Sumitomo Corporation Company, is a leading global
supplier of specialized products for worldwide energy and infrastructure
markets. They manage procurement and provide value-added services
and delivery of high-performance plate, sections, pipe, fittings, flanges,
and valves. Their global distribution platform expands across the
Americas, Europe, the Middle East, and the 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 has an Investment Grade credit rating of BBB+
with Standard & Poor’s. Their TTM Revenues are $4.6B and they currently
have a Net Worth of over $2.5B.

 

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Jerry Hopkins
Executive Managing Director
918.878.9536
Kristian Nielsen
Managing Director
7135995114
Lic #: 557940
Ken Hedrick
Executive Managing Director
918.878.9540
D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535

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