Coil Tubing Partners | Midland TX

Industrial

10115 W CR 1146 Midland TX 79706
Price:
$ 9,085,000
Property Size:
41,725 sqft
Cap Rate:
7
NOI:
$ 635,976
Lot Size:
9.60 acres
Year Built:
2019
Status:
Sale

INVESTMENT HIGHLIGHTS

Strategic Location in a Highly Active Energy Market – Subject Property is situated less than 2 miles south of Interstate 20 in the heart of the Permian Basin. The Permian Basin is the second largest oil and gas production market in the entire world and the single largest in the United States.

Highly Passive Lease Structure – Subject Property is supported by a NNN lease with the Landlord only being responsible for the roof and structural components of the property.

Annual Rent Increases – The lease provides for scheduled 2% Annual Rent increases throughout the duration of the lease term.

Thriving Industrial Park – Subject Property is in the newly developed The Park at 1788 South, which is currently home to 17 companies, and is a deed restricted industrial park offering asphalt paved roads, large land parcels, 3-phase electrical services, two points of entry, and two services of fiber optic providers.

Tenant Paying Market Rents – Average market rents for the Midland industrial market are $14.97 PSF

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

Exclusive Listing

Jerry Hopkins
Executive Managing Director
918.878.9536
Kristian Nielsen
Managing Director
7135995114
Lic #: 557940
Ken Hedrick
Executive Managing Director
918.878.9540
D. Andrew Ragsdale, Esq.
Senior Managing Director
918.878.9535

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