Property summary
This exceptional industrial property, totaling 23,378 square feet, sits on a spacious 9.28-acre lot in Midland, Texas. Built in 2013, this single-tenant facility boasts two buildings, offering a highly functional warehouse and ample office space. The main warehouse features 15,797 square feet, complemented by 1,747 square feet of office space including nine individual offices and a shop office. It's equipped with a 25-ton bridge crane, a 3-ton jib crane, a wash bay, and six oversized (16' tall) grade-level doors – four drive-through and two standard. The second building provides an additional 4,361 square feet of office space, including nine individual offices and a large training room. A separate 3,220 square foot storage warehouse with a 10' x 12' overhead door is also included. The property features 14-foot ceilings throughout, paved parking, and a fully fenced lot with gated access to West Industrial Avenue and West Industrial Loop. The property is zoned C3 and has ample paved and rocked areas for exterior storage. Conveniently located along a key industrial corridor, just outside city limits, with frontage on Highway 80 and less than a mile north of the IH-20/Midkiff intersection, this property offers easy access to major transportation routes. Available for occupancy in March 2024. The property includes restrooms and a locker room with showers.
Property profile
VerifiedCap rate & NOI
Current use
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Material Handling Equipment Supplier
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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