The property is a 5,000-square-foot industrial asset situated on 1.90 acres, providing ample space for various industrial operations. The asset features a 1,250-square-foot office, which can accommodate administrative staff and management. Two pull-thru bays are also available, allowing for efficient loading and unloading of goods. The fenced-in lot provides a secure environment for equipment and inventory storage. Additionally, the property has three-phase power, which is suitable for heavy industrial equipment. The property’s location south of Highway 158 between Midland and Odessa makes it easily accessible. This strategic location allows for convenient transportation and logistics.
The property is fully stabilized, making it an ideal investment opportunity for those seeking a hands-off experience with strong returns. The current tenant, Wood Group, has a one-year modified gross lease with a 36-month renewal option at 3% annual increases. This lease agreement provides a stable source of income for investors. Wood Group is a reputable global consulting, engineering, and operations partner with locations in over 50 countries and more than 30,000 employees. The company’s strong presence and financial stability ensure a reliable lease payment. The property’s stabilized condition and secure lease agreement make it an attractive investment opportunity. The lease terms and tenant profile minimize the risk 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
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: ZAH0060229)
