PERMIAN INDUSTRIAL PORTFOLIO (MIDLAND, TX)

MULTI TENANT

MIDLAND, TX 79706
Price :
$ 24,550,000
Cap Rate :
10.31%
NOI :
$ 2,530,750
Lot Size :
65.84 acres
Year Built :
2017/2018/2019
Property Area :
107,150 sqft
Status :
AVAILABLE
MARKETING PACKAGE

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

 

Investment Highlights

  • Industrial Warehouse Portfolio Totaling 107,150 Square Feet
  • 15 Separate Buildings Situated on a Combined 65.84 Acres
  • Entirety of Tenant Base on Triple-Net Leases with an Average of 3.5 Years Remaining
  • Diverse Tenant Base Providing a Wide Range of Oil Industry Services in the Midland/Permian Basin
  • 94% Occupancy Creates Opportunity for Investor to Add Value While Still Generating a Strong Return on Investment
  • The Vacant Building Was Completed End of 2019, Recently Available for Lease
  • All New Construction (2017-2019) with Ample Outside Storage and 27,900 Square Feet of Office Space
  • High-End Warehouses More Attractive to Potential Tenants, More Likely to be Occupied Even in a Market Downturn
  • “Despite the recent decline in drilling rigs, EIA forecasts oil production will continue to grow as rig efficiency and well-level productivity rise, offsetting the decline in the number of rigs until drilling activity accelerates in 2021.” (EIA)
  • Located South of Midland and Outside City Limits, Providing Easy Access to Midland’s Southern Drilling Locations

 

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: ZAB0060135)

Exclusive Listing

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

Need Financing?

Learn how we can help you. Get Started

Questions?