Class A Office
For Lease
$25 SF/Yr
550 W Texas Ave, Midland, TX 79701
Professional workspace within a downtown tower, near civic venues, dining, and convention facilities.
Space Size1,853 SF - 4,086 SF
Property Size421,546 SF
Days on Market10
Property Features for 550 W Texas Ave
General Information
Standard status
Active
Size
1,853 SF - 4,086 SF
Class
A
Property subtype
Office - General Office
Space & Availability
Space Use
Office
Sublease
Yes
Building Details
Building Size
421,546 SF
Year Built
1974
Year Renovated
2014
Units
186
Spaces For Lease
at 550 W Texas Ave Contact us- Floor
- 10
- Size
- 4,086 SF
- Type
- General Office
- Lease Type
- Full Service
- Availability
- Immediate
- Sublease
- Yes
1010 $25/SF/Yr
- Floor
- 10
- Size
- 1,853 SF
- Type
- General Office
- Lease Type
- Full Service
- Availability
- Immediate
- Sublease
- Yes
1020 $25/SF/Yr
Listing Agency:
Moriah Brokerage Services
(432) 682-2510
Listed By:
Wes Gotcher
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 19
Last Checked: Aug 18 at 7:16AM
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 Moriah Brokerage Services
Investment Insights
Based on property information with market context.
Office space is available within Tower Two of the Fasken Center, a Class A professional office property built in 1974. The suite provides a corporate workplace setting within a multi-tower office complex.
The property sits on Texas Avenue in Downtown Midland, immediately north of Wall Street. Centennial Park, the Bush Convention Center, Midland County Library, and multiple dining options are all within walking distance, giving occupants convenient access to downtown amenities.
The property sits on Texas Avenue in Downtown Midland, immediately north of Wall Street. Centennial Park, the Bush Convention Center, Midland County Library, and multiple dining options are all within walking distance, giving occupants convenient access to downtown amenities.
Key Highlights
- Office suite in Tower Two of the Fasken Center
- Class A professional office space
- Located on Texas Avenue in Downtown Midland
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$3.75 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,298
Businesses Nearby
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
Market
Lease Benchmarks for Midland, TX
$21.72 /SF/Yr
Avg Asking Price
$19–$25 /SF/Yr
Price Range
14,881 SF
Avg Space Size
This space is priced 15% above the average of $21.72 /SF/Yr.
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional workspace within a downtown tower, near civic venues, dining, and convention facilities.
Where is this office units located?
The property is located at 550 W Texas Ave Midland, TX.
What is the lease rate?
The lease rate is $25 SF/Yr.
What are key features of this property?
This property features: Office suite in Tower Two of the Fasken Center; Class A professional office space; Located on Texas Avenue in Downtown Midland
