Property profile

3609 County Rd Midland, TX 79706

OFF-MARKET
Warehouses
11,600 SF 2 ac lot Built 2024
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Property summary

AI-generated overview

This exceptional 11,600-square-foot build-to-suit industrial property presents a prime opportunity in Midland County's rapidly developing industrial sector. Situated on a two-acre lot at the hard corner of Antelope Trail and West County Road 120, this Class A property boasts high visibility and excellent access to major transportation routes. The single-tenant building, constructed in 2024, offers a flexible design catering to distribution, flex, manufacturing, or warehouse needs. A current spec plan includes 3,600 square feet of office space featuring ten offices, reception, kitchen, conference room, bullpen, and two restrooms, all with nine-foot ceilings and an IT closet. The 8,000-square-foot shop area includes two pass-through bays with 14x14 overhead doors and three-phase power; a shop bathroom with an optional shower is also included. The property is fully fenced with an automatic gate. The lease is a triple-net (NNN) at $23 per square foot with a minimum six-year initial term and a three percent annual rent escalation. Estimated triple-net and CAM costs range from $1 to $1.20 per square foot. The building can be customized to tenant specifications or utilize the existing spec plan. An estimated four-month build time is anticipated. Additional yard space may be available depending on the final shop size and lease terms. The property's zoning is City of Midland ETJ, and its APN is R000223885. Frontage measures 267 feet on Antelope Trail and 346 feet on West County Road 1290.

Property profile

Verified
Property type Warehouses
Year built 2024
Total area 11,600 SF
Lot 2 ac (87,120 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3609 County Rd Midland, TX 79706
Midland metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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