Current Use by Public Records
- Warehouses
Property Details for 5605 Loop 250
- Year built
- 2022
- Lot size
- 1.51 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 5,000-square-foot industrial warehouse complex in Midland, Texas. Built in 2022, the property comprises two buildings situated on a 1.51-acre lot with convenient Loop 250 frontage, providing easy access to Interstate 20. The warehouse boasts a desirable 16-foot clear height ceiling, two grade-level loading docks, and two RV hookups. Currently, the property is 100% occupied under a triple-net (NNN) lease with Roadkill Diesel Performance, extending to mid-August 2027, generating a substantial net operating income (NOI) of $70,200 annually, representing a strong 9.36% capitalization rate. The lease agreement offers a rental rate of $14.04 per square foot. The property's design allows for the flexibility of leasing the buildings individually, expanding potential tenant pools and future income streams. This prime location within the thriving Permian Basin offers significant long-term growth potential, making it an attractive investment for discerning buyers seeking a high-return, low-risk opportunity in a robust market. The asking price for this exceptional property is $750,000.
Value Estimations
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AI approach
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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
- -101.998
- Latitude
- 32.0459
