The property is a 23,175 square-foot multi-tenant industrial asset situated on 2.84 acres. It features metal construction with 16′ clear height, eight grade-level doors, and 3-phase heavy power. The building is fully occupied by two tenants on triple-net leases, which minimizes landlord responsibilities. This arrangement allows the landlord to benefit from a steady income stream with reduced maintenance and operational costs. The property’s design and layout provide an ideal environment for industrial operations, with ample space for storage, manufacturing, or distribution. The metal construction and high clear height also make it suitable for a variety of industrial uses. The property’s location and design make it an attractive option for businesses seeking a functional and efficient industrial space.
The property presents a value-add opportunity for investors, as the current rental rates are below market levels. With the slowing supply side pressure in Midland, there is potential for rental rate growth. As of December 2025, there were only 41,000 square-feet of industrial space under construction, indicating a limited supply of new industrial properties. This scarcity could drive up demand and rental rates for existing properties like this one. The property’s triple-net leases also provide a stable income stream, allowing investors to focus on renewing tenants or re-leasing the space at higher rates. The building’s condition and amenities make it an attractive option for tenants, increasing the likelihood of securing higher rental rates. The potential for rental rate growth makes this property an attractive investment opportunity.
The property’s location is ideal, with easy access to Interstate 20 and other major streets. This provides tenants with convenient access to transportation routes, facilitating the movement of goods and personnel. The property’s proximity to major transportation arteries also enhances its appeal to businesses that rely on efficient logistics and distribution. The location is also conducive to a variety of industrial uses, making it an attractive option for businesses seeking a functional and accessible location. The property’s accessibility and visibility make it an attractive option for investors and tenants alike. The combination of its location, design, and value-add potential make this property a compelling investment opportunity in the Midland industrial market. The property’s characteristics and location make it well-suited to meet the needs of industrial tenants and 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
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2026 Marcus & Millichap. All rights reserved. (Activity ID: ZAH0060220)
