12401 County Rd, Unit 100 Midland, TX 79706
Industrial property with an established tenant and lucrative lease terms.
Building Details
- Year built
- 2018
Source:
Elliman
Listing Agency: Wellstone Properties
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
NNN Leased Industrial Investment Property
This industrial property, located between Midland and Odessa, TX, offers an investment opportunity with an 8.00 cap rate. The property is NNN leased to an established oil and gas company. The lease is for 5 years at $80,000 per month, with four 3-year options and rent increases. The property spans 15 acres and includes 39,000 square feet of under-roof space across multiple buildings. It features office and shop spaces, along with office amenities such as reception areas, private offices, conference rooms, and break rooms. The property provides access to I-20 and major highways and is located within a mile of the region's main airport.
Location Intelligence
Current Use by Public Records
Warehouses
Similar Places Nearby
Affordable Storage: North Fairgrounds Rd., Alamo East
Map
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.043
- Latitude
- 32.0192
Nearby Similar for Sale
FAQs
What type of property is this?
Warehouse - Industrial property with an established tenant and lucrative lease terms.
Where is this warehouse located?
The property is located at 12401 County Rd, Unit 100 Midland, TX.
What is the asking price?
The asking price for this property is $12,000,000.
What are key features of this property?
This property features: - NNN leased industrial property with an **8.00 cap rate.**; - Tenant is an established oil & gas company with a 5-year lease at $80,000 per month and (4) 3-year options with rent increases.; - Located in the Permian Basin, between Midland & Odessa, TX.