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Manufacturing properties
TX
Midland
1506 S County Rd 1309

Industrial Service Facility For Sale

1506 S County Rd 1309, Midland, TX

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Multi-building industrial facility with long-term lease in strategic location.

Type:INDUSTRIAL

Property size:

52,246 SF

Lot size:

10.99 Acres

Price / SF:

$227/SF

HighLights

Long‑Term Triple‑Net Lease with 72 Months Remaining & (2) Renewal Options, offering stable and predictable income.
Strategic Location between Midland & Odessa, TX, providing excellent access to key markets.
Occupied by Drilling Tools International, a leading provider in the drilling market, ensuring a reliable tenant.
Substantial 52,246 SF Industrial Service Facility on 10.99 Acres, providing ample space for operations.
Multiple Bridge & Jib Cranes, Wash‑Bays, Overhead Doors & Drive‑In Bays, enhancing operational efficiency.
Outside of any Flood Zone, mitigating potential risks and liabilities.

We can help!

Listing Contact

Justin Dodd

Learn more

For Sale

Contact for pricing

Multi-building industrial facility with long-term lease in strategic location.

Type:INDUSTRIAL

Property size:

52,246 SF

Lot size:

10.99 Acres

Price / SF:

$227/SF

Added:: Mar 26, 2025
Days on Market:: 442
Last Refresh:: May 20 at 9:30 pm

Property Features for 1506 S County Rd 1309

General Information

Standard status: Active
Size: 52,246 SF
Lot size: 10.99 Acres
Property subtype: INDUSTRIAL

We can help!

Listing Contact

Justin Dodd

Listing agent Justin Dodd License #9004023

Listing office NRG Realty Group - Dallas/Fort Worth

Listing date Mar 26, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of NRG Realty Group - Dallas/Fort Worth

HighLights

Long‑Term Triple‑Net Lease with 72 Months Remaining & (2) Renewal Options, offering stable and predictable income.
Strategic Location between Midland & Odessa, TX, providing excellent access to key markets.
Occupied by Drilling Tools International, a leading provider in the drilling market, ensuring a reliable tenant.
Substantial 52,246 SF Industrial Service Facility on 10.99 Acres, providing ample space for operations.
Multiple Bridge & Jib Cranes, Wash‑Bays, Overhead Doors & Drive‑In Bays, enhancing operational efficiency.
Outside of any Flood Zone, mitigating potential risks and liabilities.

Overview

This multi-building industrial service facility, totaling 52,246 square feet on 10.99 acres, is strategically located between Midland and Odessa, TX. Constructed in 2012, 2013, and 2016, the property features a long-term triple-net lease with 72 months remaining and two renewal options, offering minimal landlord responsibilities. The facility is occupied by Drilling Tools International, a provider of downhole tools for land and offshore drilling markets. The property includes 10% office space and eave heights ranging from 29.7 to 31.8 feet. It is equipped with multiple bridge and jib cranes, wash-bays, overhead doors, and drive-in bays. The property is located outside of any flood zone.

Location Intelligence

Current Use by Public Records

Park city/ wenzel Building Supply

Suggested Use

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -102.06
Latitude: 32.0049

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For sale
Manufacturing properties
TX
Midland
1506 S County Rd 1309

What type of property is this?

Manufacturing property - Multi-building industrial facility with long-term lease in strategic location.

Where is this manufacturing property located?

The property is located at 1506 S County Rd 1309 Midland, TX.

What is the asking price?

The asking price for this property is $11,898,371.

What are key features of this property?

This property features: Long‑Term Triple‑Net Lease with 72 Months Remaining & (2) Renewal Options, offering stable and predictable income.; Strategic Location between Midland & Odessa, TX, providing excellent access to key markets.; Occupied by Drilling Tools International, a leading provider in the drilling market, ensuring a reliable tenant.

1506 S County Rd 1309, Midland, TX

Multi-building industrial facility with long-term lease in strategic location.

Property Features for 1506 S County Rd 1309

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Highly Visible Midland Office Building

Spacious Midland Flex/Industrial Property

Midland Commercial Property on 2.85 Acres

Midland Commercial Property on Corner

Multi-Building Industrial Flex Complex

Midland Industrial Asset on Acreage

Iconic Building in High-Traffic Area

Retail Site in Growing Corridor

New Construction Retail and Office

Premium Office and Warehouse Space

Freestanding Retail Building on Wadley

Versatile Building Near Downtown Midland

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