The property is a two-building industrial asset with a total area of 13,548 square feet situated on 7.62 acres of land. Developed in 2018, the property features metal construction with clear heights ranging from 17 to 20 feet, a wash bay, and 13 grade-level doors. The property is equipped with three-phase heavy power and 480 volts, making it suitable for various industrial uses. Additionally, it has two ATF-compliant magazines for explosive materials, providing a unique feature for specific types of businesses. The property also has 17 parking spaces and a building coverage ratio of just 31 percent, allowing for ample industrial outdoor storage space. For sale as vacant, the property can be acquired for a variety of owner uses or as a lease-up investment opportunity.
The property’s location is a significant advantage, situated along Interstate-20 with close proximity to the Midland International Air and Space Port. This strategic location provides easy access to major transportation routes, making it ideal for businesses that rely on logistics and transportation. The property’s proximity to the airport also makes it an attractive option for companies involved in the aviation or aerospace industry. The location is also beneficial for businesses that require quick access to major highways, allowing for efficient transportation of goods and personnel. The property’s visibility from the interstate also provides an opportunity for businesses to showcase their brand and products.
In 2025, the Midland market experienced a rebound in industrial demand; however, the vacancy rate increased to 8.6 percent as supply outpaced demand. Although annual rent growth slowed to -0.9% last year, limited supply-side pressure is expected in 2026, with only 71,000 square feet of industrial space under construction. This limited supply will likely lead to increased demand for existing industrial properties like the subject asset. The property’s location in the Permian Basin, a major hub for oil and gas activity, further enhances its value. The market trends suggest that the property will remain a valuable asset in the coming years.
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