1602 Tarleton St Midland, TX 79707

This Class A office duplex, constructed in 2023, is located at 1602 Tarleton St, Midland, TX 79703. Situated in a professional garden office park near the intersection of Midkiff Road and Andrews Highway, the property features modern architecture and high-end interior finishes. The layout is designed to be functional for professional tenants. The building is fully leased to two tenants, with approximately three years remaining on their current leases. The property generates a net operating income of $124,383 per year, with a cap rate of approximately 7.77%. The property is suitable for passive investors or 1031 exchange buyers, requiring minimal management. The location provides excellent access, visibility, and a mix of medical, legal, and professional service users. The property benefits from ample surface parking in a quiet garden office setting. The location is a high-traffic area near major roads and commercial hubs, convenient to Loop 250 and downtown Midland.