Citgo
Baskersfield, CA
Citgo Petroleum Corporation (or Citgo) is a Venezuelan-owned American refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products.[4] The company has its American headquarters in the Energy Corridor area of Houston, Texas.
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Positives:
- Worldwide presence with high brand recognition
- Typically located in high traffic locations
- Typically Long term leases with increases
Negatives:
- Long term effects of changing industry remain to be seen
- Typically High Price Per Square Foot
- Susceptible to economic trends and pressures
Market Snapshots:
On Market Ranges:
# of Properties in set: 1
Price: $799,000 - $799,000Average: $799,000
PPSF: $524 - $524Average: $524
Year Built: N/AV - N/AVAverage: N/AV
CAP Rate Range: N/AV - N/AVAverage: N/AV
Size range: 1,522 sq ft - 1,522 sq ft Average: 1,522 sq ft
Last 12 Month Range:
# of Properties in set: 2
Price: $2,240,880 - $2,758,000Average: $2,462,500
PPSF: $985 - $1223Average: $1082
Year Built: 1964 - 1964Average: 1964
CAP Rate Range: N/AV - N/AVAverage: N/AV
Size range: 1,760 sq ft - 2,746 sq ft Average: 2,253 sq ft
Citgo Company Profile
Parent Company: PetrÌ_leos de Venezuela S.A. (PDVSA)
Sector: Services
Industry: Oil and Gasoline
# of Employees: 3,400