Summit Place$9.77 – $11.89/SF/yr NNN
427 Burnet Rd
457,000 SF industrial building at 427 Burnet Rd, Odessa, TX 79761. For Lease through the owner.
For LeaseStatus
$10.58/SFAsking rent
2006Year built
BClass
Property facts
| Property type | Industrial |
|---|---|
| Building class | B |
| Rentable area | 457,000 SF |
| Stories | 1 |
| Year built | 2006 |
| Typical floor | 457,000 SF |
| Lot size | 14.51 acres |
| Parking ratio | 1.4/1,000 SF |
| Occupancy | 100.0% |
| Zoning | O-2 |
| Parcel ID | 40-613-9743 |
| Submarket | Odessa |
| Market | Midland-Odessa |
| Walk Score | 77 |
| Transit | Amtrak 6 min |
| Listing package | Platinum |
Building amenities
Restaurant, LEED Gold, Fitness Center, Security System, Roof Terrace
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Longhorn Data Systems | Financial Services | 1 | 59,320 | 2030-10-01 |
| Halverson Engineering | Media | 1 | 18,150 | 2023-04-01 |
| Lumen Biosciences | Healthcare | 1 | 116,300 | 2026-09-01 |
| Fulcrum Consulting | Government | 1 | 130,270 | 2027-08-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2024-06-12 | $64.69M | $141.55 | 8.89% | Gulf Coast Realty Partners | Silverline Holdings |
| 2021-11-11 | $19.35M | $42.33 | 5.92% | Fairbridge Partners | Cascade Realty Trust |
Public record
| Owner of record | Brazos River Holdings LLC |
|---|---|
| Assessed value | $43.42M |
| Land value | $16.24M |
| Improvement value | $27.18M |
| Annual tax | $965K |
| Tax year | 2026 |
| Lot size | 632,055 SF |
| Last deed | 2023-05-19 |
| Deed type | Grant Deed |
| Legal description | LOT 26 BLK 273 ODESSA ADDN |
Location
427 Burnet Rd
Odessa, TX 79761
Odessa submarket · Midland-Odessa market
31.82956, -102.29904
Open in RealStarListing package
Platinum — High placement above Gold.
High placement, professional photography and 3D tour hosting, targeted display advertising to matched investor and tenant-rep audiences, plus retargeting.
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