2513 Holdridge Rd Midland, TX 79706

Property Details for 2513 Holdridge Rd

Year built

2024

Lot size

4.25 lot acres

Property size

15,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a 15,000-square-foot industrial building situated on 4.25 acres in Midland, Texas. The property, constructed in 2024, features a modern design incorporating 2,000 square feet of office space with seven private offices, a conference room, break area, and two restrooms. The expansive 9,750-square-foot shop boasts nine 14' x 16' overhead doors, creating four drive-through bays and one drive-in bay, complemented by a 1,500-square-foot covered wash bay. Additional amenities within the shop include an office, breakroom, and restroom. The building is equipped with 3-phase/480V power, a water well, and septic system. The property is zoned for County use. Currently vacant, the property is available under a Net Lease (NNN) agreement commencing January 1, 2025, and expiring December 31, 2032. The asking price is $2,682,352.94, with a projected Net Operating Income (NOI) of $228,000. This represents a strong investment opportunity in the thriving Permian Basin, benefiting from the region's robust energy infrastructure. The lease includes annual rent escalations, providing inflation protection and increasing cash flow over the lease term. The property's strategic location between Midland and Odessa, in a highly sought-after area, further enhances its investment appeal. This low-basis investment offers significant potential for return on investment while minimizing landlord responsibilities.