303- Wall St Midland, TX 79701
- Office Properties & Spaces
- 728,203 SF
- 10.05 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 303- Wall St
- Lot size
- 10.05 lot acres
- Property size
- 728,203 SF
- Property type
- Office Properties & Spaces
Description
This exceptional investment opportunity presents a portfolio of five Class A office buildings totaling 728,203 square feet, situated on 10.05 acres in Midland, Texas' Central Business District (CBD). Three buildings are conveniently located on Wall Street, with the remaining two properties on the northern edge of downtown. Currently boasting 60.29% occupancy, this value-add portfolio offers significant upside potential, given the Midland CBD's 84% occupancy rate. The property benefits from an attractive tenant mix, including local and national firms from diverse sectors such as investment, real estate, law, finance, and government, ensuring consistent lease inquiries. The portfolio's strategic location within the thriving Midland business district provides unparalleled value, significantly below replacement costs. An attractive assumable financing option with a 4.02% fixed interest rate is available. This presents a unique chance to optimize lease terms, extend agreements, and enhance the weighted average lease term, maximizing returns. The opportunity to control a substantial market share of office space in Midland's CBD further enhances this compelling investment.
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
- -102.078
- Latitude
- 31.9977
