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    OFF-MARKET
    Distribution centers

    3209 Industrial Ave, Midland, TX 79701

    23,378 SF 9.28 ac lot Built 2013
    Entity Owned 6-yr Hold
    Property ID
    US83-3815173
    Property summary
    AI-generated overview

    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
    Verified
    Property type Distribution centers
    Year built 2013
    Total area 23,378 SF
    Lot 9.28 ac (404,237 SF)
    UPID US83-3815173
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Liberty Lift Solutions LLC Material Handling Equipment Supplier
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Papous Legacy LLC · 6 yrs held
    Papous Legacy LLC
    since 2020
    3 recorded transactions
    2020
    2019
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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