The property is a 10,375-square-foot industrial asset situated on 2.50 acres of land. It was delivered in 2018 and features metal construction, six overhead doors, and a gated lot. The property’s modern design and construction make it an attractive option for businesses in the industrial sector. Its location between Midland and Odessa, just north of State Highway 191, provides easy access to major transportation routes. The property’s proximity to these cities also offers a large pool of potential employees and customers. The industrial asset is well-suited for companies that require a secure and accessible location. The gated lot provides an additional layer of security for the property.
The property is fully occupied by Infrastructure Networks, a leading provider of remote communication solutions to the oil and gas industry. Infrastructure Networks has been in operation since 2011 and has over 100 oil and gas clients, making it a stable and reliable tenant. The company has a strong presence in the industry and is well-established, providing a sense of security for investors. The property’s lease is structured as a triple net lease, with the tenant responsible for all expenses, making it a hands-off investment opportunity. The lease has approximately five years remaining, with annual rent escalations of 2 percent, providing a potential for long-term growth. This lease structure and the tenant’s strong industry presence make the property an attractive option for investors seeking a stable and low-maintenance investment. The property’s full occupancy and stable lease provide a sense of security for investors.
BROKER OF RECORD
TIM SPECK
Texas Broker of Record
5001 Spring Valley Road, Suite 1100W
Dallas TX
Tel: (972) 755-5200
Tim.Speck@MarcusMillichap.com
License: 9002994
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