Flex Space Portfolio with
For Sale
Contact for pricing
3618 N County Rd 1148, Midland, TX 79705
Two single-tenant flex facilities combine office, warehouse, outdoor storage, utility connections, and a five-ton crane.
Property Size12,000 SF
Lot Size5.26 Acres
Days on Market141
Property Features for 3618 N County Rd 1148
General Information
Standard status
Active
Size
12,000 SF
Lot size
5.26 Acres
Property subtype
Industrial
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
NRG Realty Group
(432) 363-4777
Listed By:
Justin Dodd · License #9004023
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 2:42PM
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
Investment Insights
Based on property information with market context.
This flex-space portfolio includes two single-tenant office/warehouse facilities supporting industrial outdoor storage operations. One building provides 5,000 SF with multiple utility connections for trailer storage, while the second contains 7,000 SF and a 5 ton crane. Together, the properties occupy 5.26 acres.
The facilities are leased on a triple-net basis to VersaTech Automation Services, LLC and Power Rig Rental Tool, Inc. The tenants have occupied the properties since 2015. The VAS lease includes 3% annual escalations and extends through 12/31/2025. The PRRT lease runs through 1/31/2025 and includes a 60 month renewal option with a 28.6% rate increase. PRRT also expanded its facility at its own cost.
The facilities are leased on a triple-net basis to VersaTech Automation Services, LLC and Power Rig Rental Tool, Inc. The tenants have occupied the properties since 2015. The VAS lease includes 3% annual escalations and extends through 12/31/2025. The PRRT lease runs through 1/31/2025 and includes a 60 month renewal option with a 28.6% rate increase. PRRT also expanded its facility at its own cost.
Key Highlights
- Two‑building flex portfolio totaling 12,000 SF across 5.26 acres
- 5,000 SF VAS office/warehouse with multiple utility connections for trailers
- 7,000 SF PRRT office/warehouse equipped with a 5 ton crane
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79705, TX
44,138
Population
20,021
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
91%
High-School Grad
79.4 sq mi
ZIP Area
556
Density / Sq Mi
$105,106
Median Household Income
$60,415
Median Earnings
$1,431
Median Rent
$329,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two single-tenant flex facilities combine office, warehouse, outdoor storage, utility connections, and a five-ton crane.
Where is this flex space located?
The property is located at 3618 N County Rd 1148 Midland, TX.
What are key features of this property?
This property features: Two‑building flex portfolio totaling 12,000 SF across 5.26 acres; 5,000 SF VAS office/warehouse with multiple utility connections for trailers; 7,000 SF PRRT office/warehouse equipped with a 5 ton crane
