M3P Energy | Midland TX

Industrial

7600 & 7604 W County Road 116 Midland TX 79706
Price:
$ 7,504,000
Property Size:
40,019 sqft
Cap Rate:
8.00%
NOI:
$ 600,285
Lot Size:
16 acres
Year Built:
2011/2015
Status:
Sale

Investment Highlights

Sale Leaseback with Experienced Energy Company – Diverse Lineup of Businesses
M3P Energy is the parent company that operates seven (7) different businesses, including: horizontal drilling, equipment rental, transportation services and water cleaning. All of these business lines are operated from the Subject Property. The owner will sign one lease agreement, making this a single-tenant investment for the new real estate owner.

Strategic Location
Subject Property is situated next to the Midland International Airport in between Interstate 20 and Business Interstate 20. This location is regarded as one the
best industrial locations within the market.

Highly Active Energy Market
The Permian Basin is the second largest oil and gas production market in the entire world and the single largest in the United States. The Permian Basin accounts for over 40% of the United States oil production.

Highly Passive Lease Structure
Subject Property will be supported by an Absolute NNN lease with zero landlord obligations.

Annual Rent Increases
The lease will provide for scheduled annual rental increases throughout lease term.

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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

Phillip Butts
Senior Analyst
918.878.9534
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
Hayden Ashley
Analyst
9188789541
Stephen Schwalb
Director
496-467-2084

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