4214 E COUNTY ROAD 72 (MIDLAND, TX)

VACANT

4214 E COUNTY ROAD 72, MIDLAND, TX 79705
Price :
$ 665,000
Lot Size :
1.01 acres
Year Built :
2013
Property Area :
5,000 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

  • 5,000 Square-Foot Industrial Warehouse Situated on 1.01 Acre
  • Features Three-Phase Heavy Power, 20’ Clear Height, and Three Grade-Level Doors
  • 2,500 Square-Foot Office with Conference, Break Room, and Mezzanine Space
  • Fenced Lot for Outside Storage, Concrete Pad for Tenant Parking and Wash Bay in Rear
  • Vacant Sale Ideal for Owner-User or Creates Investor Lease-Up Opportunity
  • Located Between Interstate 20 and Loop 250, Just Off of N County Road 1150

 

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the industrial property located at 4214 East County Road 72 in Midland, Texas. The subject property consists of approximately 5,000 square feet of space and is situated on 1.01 acres of land. The subject property features a 2,500 square-foot metal warehouse with three grade-level doors, 20’ clear height, and three-phase heavy power. The 2,500 square-foot office space features conference, break room, and mezzanine space. This vacant sale is ideal for an owner-user or creates an investor lease-up opportunity. The subject property has a fenced lot for outside storage, a concrete pad for tenant parking, and a wash bay in the rear. The asset is located between Interstate 20 and Loop 250, just off North County Road 1150.

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 driving the economic growth. The two largest cities are Midland with nearly 130,000 residents and Odessa with roughly 112,000 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. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAB0060197)

Exclusive Listing

Davis Cagle
(972) 755-5230
Lic # TX : 722097
Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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