3203 County Road 1200 Midland, TX 79706
- Warehouses
- 14,500 SF
- 2.50 lot acres
Current Use by Public Records
- Adams Development Group / Real Estate Agency / Corporate Office
- Bill’s Towing / Trucking Company
Property Details for 3203 County Road 1200
- Lot size
- 2.50 lot acres
- Property size
- 14,500 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 14,500 square foot warehouse situated on a 2.5-acre lot in Midland, Texas (79706). The property boasts a compelling 9.75% cap rate and a Net Lease (NNN) structure with a current tenant secured for a three-year term commencing July 1, 2024, and expiring June 30, 2027. The asking price is $1,475,000, translating to $101.72 per square foot. The building itself comprises a 12,000 square foot front building and an additional 2,500 square foot structure at the rear. Internal features include five offices, three bathrooms (two men's and one women's), a dedicated storage room, and a shop area. The property's location in Midland County offers excellent access to transportation routes and a thriving commercial market. With a strong tenant in place and a substantial remaining lease term of approximately 2.6 years, this warehouse presents a secure and lucrative investment prospect for discerning buyers. The property's Net Operating Income (NOI) is $143,812, further solidifying its financial attractiveness. One dock-high door provides convenient loading and unloading capabilities. This is a turnkey investment ready for immediate income generation. The property is currently vacant, with occupancy scheduled for July 1, 2024.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Midland
- County
- Midland
- State
- Texas
- Longitude
- -102.087
- Latitude
- 31.9565
