The property is a 13,600-square-foot industrial asset situated on 2.10 acres of land. It features metal construction and three-phase power, making it suitable for a variety of industrial uses. The property also has five overhead doors that provide efficient access for loading, storage, and large equipment. It includes 13 private offices and an asphalt parking lot, providing both operational and administrative functionality. The size and layout of the asset support a broad range of industrial users, providing a versatile space well suited for operational needs. Additionally, it was the only industrial building available for sale within a one-mile radius at the time of listing, according to CoStar, further enhancing its appeal within the submarket.
The property’s proximity to Midland and Odessa, along with convenient access to the Midland International Air & Space Port, provides strong regional connectivity for industrial users. Area fundamentals also support the property’s long-term potential, with a 7.60% vacancy rate and 11% population growth since 2020, according to 2026 Midland market metrics. These market conditions, combined with the property’s features and location, create a compelling opportunity for owner-users and investors alike. The asset also offers value-add potential through renovation, redevelopment, or future leasing opportunities to capitalize on growing industrial demand in the area. Its combination of functionality, accessibility, and market positioning makes it a rare opportunity within the region’s industrial market.
BROKER OF RECORD
TIM SPECK
Texas Broker of Record
5001 Spring Valley Road, Suite 100W
Dallas, Texas 75244
Office (972) 755-5200
Tim.Speck@MarcusMillichap.com
License: 9002994
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