3710 County Road 1148 Midland, TX 79705

This exceptional investment opportunity presents a 12,000-square-foot industrial warehouse in Midland, Texas, situated on a substantial 5.26-acre lot. The property boasts 100% occupancy with two tenants under net-lease agreements, minimizing landlord responsibilities (limited to roof and structure). Built in 2015, the property features two buildings with a 20-foot ceiling height. The asking price is $2,443,000, representing a compelling cap rate of 8.75% and a price per square foot of $203.58. The current Net Operating Income (NOI) stands at $213,812. One tenant, Power Rig Rental Tool, Inc., recently renewed their lease with a significant 28% rent increase, extending their term to January 31, 2030. This demonstrates strong tenant commitment and future income growth potential. The property benefits from a prime location with easy access to Texas State Highway Loop 250, serving a robust demographic area with a population of 50,000 and an average household income of $98,000 within a five-mile radius. The VersaTech tenant lease includes a 3% annual rent increase. The property also offers multiple connections suitable for housing trailers on-site. This is a fee-simple ownership with no ground lease. This is a rare opportunity to acquire a stable, high-performing industrial asset in a thriving market.