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Midland Industrial/Flex Space Investment

2600 S County Rd 1242, Midland, TX 79706

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For Sale

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Fully occupied industrial/flex space in Midland, TX, with value-add potential.

Type:Industrial

Property size:

82,994 SF

Price / SF:

$156/SF

HighLights

100% Occupancy: Provides immediate and consistent income stream.
Strong NOI and Cap Rate: $1,085,129 NOI and an 8.38% cap rate indicate a solid return on investment.
Strategic Location: Situated just outside Midland city limits with excellent visibility and access off Business I‑20, near the developing Tradewinds Blvd Corridor.
Versatile Industrial/Flex Space: 82,994 SF of industrial/flex space buildings with 10 units designed for a diverse tenant mix, offering versatile use options.
Value‑Add Opportunity: Potential for increasing revenue through strategic improvements or rent adjustments.
Ample Parking and Caliche Yard: Includes a spacious caliche yard and ample parking, enhancing tenant usability and appeal.

We can help!

Listing Contact

Jordan Wood

Learn more

For Sale

Contact for pricing

Fully occupied industrial/flex space in Midland, TX, with value-add potential.

Type:Industrial

Property size:

82,994 SF

Price / SF:

$156/SF

Added:: Jul 29, 2024
Days on Market:: 693
Last Refresh:: May 12 at 9:56 pm

Property Features for 2600 S County Rd 1242

General Information

Standard status: Active
Size: 82,994 SF
Property subtype: Industrial

We can help!

Listing Contact

Jordan Wood

Listing agent Jordan Wood License #TX

Listing office Coldwell Banker Commercial Capital Advisors

Listing date Jul 29, 2024

Source Crexi

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 Coldwell Banker Commercial Capital Advisors

HighLights

100% Occupancy: Provides immediate and consistent income stream.
Strong NOI and Cap Rate: $1,085,129 NOI and an 8.38% cap rate indicate a solid return on investment.
Strategic Location: Situated just outside Midland city limits with excellent visibility and access off Business I‑20, near the developing Tradewinds Blvd Corridor.
Versatile Industrial/Flex Space: 82,994 SF of industrial/flex space buildings with 10 units designed for a diverse tenant mix, offering versatile use options.
Value‑Add Opportunity: Potential for increasing revenue through strategic improvements or rent adjustments.
Ample Parking and Caliche Yard: Includes a spacious caliche yard and ample parking, enhancing tenant usability and appeal.

Overview

Located just outside the southwest city limits of Midland, TX, Capstone Industrial Park presents an investment opportunity. The property, situated off Business I-20, offers visibility and access. Its location, within one mile of the developing Tradewinds Blvd Corridor, provides access to entertainment, restaurants, and retail. The industrial/flex space property includes 10 units, totaling 82,994 square feet, designed for a diverse tenant mix. The property offers versatile use options to investors. The property is currently 100% occupied and features a caliche yard, ample parking, and high ceilings. Its location near major transportation routes enhances its appeal.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.59M	$19.20
− Vacancy	−$255.0k	−$3.07
EGI	$1.34M	$16.13
− OpEx	−$334.6k	−$4.03
NOI	$1.00M	$12.10

82,994 SF · lease $19.20/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$14.34M

$12.55M – $16.73M (±1% cap)

NOI $1,003,895 @ 7.0% cap · market cap 7.72%

Second Best

Warehouse

$12.91M

$11.30M – $15.07M (±1% cap)

NOI $903,976 @ 7.0% cap · market cap 6.95%

Theoretical Best

Office A

$19.58M

$17.13M – $22.84M (±1% cap)

NOI $1,370,397 @ 7.0% cap · market cap 10.54%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Location Insight

Map
Local Demand

City: Midland
County: Midland
State: Texas
Longitude: -102.043
Latitude: 32.0192

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For sale
Flex space
TX
Midland
79706
2600 S County Rd 1242

What type of property is this?

Flex space - Fully occupied industrial/flex space in Midland, TX, with value-add potential.

Where is this flex space located?

The property is located at 2600 S County Rd 1242 Midland, TX.

What is the asking price?

The asking price for this property is $13,000,000.

What are key features of this property?

This property features: 100% Occupancy: Provides immediate and consistent income stream.; Strong NOI and Cap Rate: **$1,085,129 NOI and an 8.38% cap rate indicate a solid return on investment.**; Strategic Location: Situated just outside Midland city limits with excellent visibility and access off Business I‑20, near the developing Tradewinds Blvd Corridor.