Deep Well 10218 | Midland TX

Industrial

10218 W County Road 148 Midland TX 79706
Price:
$ 5,158,629
Property Size:
18,500 sqft
Cap Rate:
7
Lot Size:
4.80 acres
Year Built:
2019
Status:
Sale

Growing $100MM Revenue Company
Deep Well Services increased their revenues in 2021 by over 50% compared 2020 and hired over 300 new employees in 2021. In addition, they completed 850 wells for 50 different customers, 19 of which are new customers. Their main customers are: Chevron, XTO, Pioneer and Hess, just to name a few.

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.

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

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