Current Use by Public Records
- Warehouses
Property Details for 10900 County Rd
- Year built
- 2023
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional investment opportunity presents a 26,250-square-foot industrial property in Midland, Texas, boasting a strong 8.35% cap rate. The property, built in 2023, features a 29-foot ceiling height and is situated on a substantial 14.3-acre lot, offering significant future expansion potential. Currently leased to EnerCorp, a leading provider of sand management solutions for the oil and gas industry, under a long-term Absolute NNN lease expiring January 31, 2030, this investment provides over 5 years of remaining lease term with zero landlord responsibilities. EnerCorp consolidated two West Texas locations into this custom-built facility, designed to meet their operational needs. The property benefits from its location in the Permian Basin, an area with a robust labor pool and low unemployment rate. The building's 4.2% building coverage ratio on the expansive lot highlights the significant long-term value and upside potential for the investor. This is a rare opportunity to acquire a high-quality, newly constructed industrial asset with a secure, long-term lease in a thriving market. The property is located at 10900 N County Rd, Midland, TX 79707.
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
- -102.256
- Latitude
- 32.0234
