Marcus & Millichap is pleased to present the opportunity to acquire the property located at 6700 Interstate 20 in Midland, Texas, leased to STP, LLC. The subject property consists of approximately 15,549 square feet of space and is situated on 5.0 acres of land. The three-building asset features metal construction, a clear height of 18’, six grade-level doors, a wash bay, and three-phase heavy power with 480 volts. Situated along Interstate 20, the property has easy access across Midland and Odessa. Effective April 2025, the property was leased for five years on a triple-net term at $11.58 per square foot with above-market 5.0 percent annual rent escalations. Founded in 2014, STP provides a wide variety of trucking services to oil field operators and other industries.
Located in West Texas, the Midland-Odessa metro is considered to be an energy capital as the Permian Basin is one of the biggest oil fields in the world and is home to some of the largest petroleum-producing companies. The metro consists of Martin, Midland, and Ector counties. The public sector is a top job provider, but the private sector is the economic driving force. The two largest cities are Midland with over 138,000 residents and Odessa with roughly 116,000 residents.
Midland is the center of America’s oil and gas production. Petroleum production and all things in between are prevalent in the area, but Midland is making great efforts and success in diversifying into additional industries such as aerospace. Interstate 20 runs through Midland, making it easy to transport goods and raw materials throughout the country. Rated the No. 1 state for business by U.S. corporate executives, this is an excellent place to start or grow a business in Texas. (midlandtxedc.com). Major employers include: Halliburton, Hilliard, Legacy Reserves, Midland College, Midland Health, Patterson-UTI, Pioneer Natural Resources, Schlumberger, Weatherford, Baker Hughes, Chevron, ConocoPhillips, Bloomberg, and more.
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. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0060257)
