5605 Loop 250Midland, TX 79705

For Sale
$750,000

High-yield industrial warehouse, 9.36% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fee-simple ownership of a 5,000-square-foot industrial warehouse complex in Midland, Texas. Built in 2022, the property comprises two buildings situated on a 1.51-acre lot with convenient Loop 250 frontage, providing easy access to Interstate 20. The warehouse boasts a desirable 16-foot clear height ceiling, two grade-level loading docks, and two RV hookups. Currently, the property is 100% occupied under a triple-net (NNN) lease with Roadkill Diesel Performance, extending to mid-August 2027, generating a substantial net operating income (NOI) of $70,200 annually, representing a strong 9.36% capitalization rate. The lease agreement offers a rental rate of $14.04 per square foot. The property's design allows for the flexibility of leasing the buildings individually, expanding potential tenant pools and future income streams. This prime location within the thriving Permian Basin offers significant long-term growth potential, making it an attractive investment for discerning buyers seeking a high-return, low-risk opportunity in a robust market. The asking price for this exceptional property is $750,000.

Highlights

  • 5,000 SF of industrial space in two buildings on a 1.51-acre lot.
  • Metal buildings with 16' clear height, two grade-level doors, and two RV hookups.
  • Triple-net lease with Roadkill Diesel Performance for three years.
  • Future flexibility to lease buildings individually.
  • Excellent visibility and access via Loop 250 frontage near I-20.

Property Details for 5605 Loop 250

Property type
Other warehouses, Other industrial properties
Square Feet
5,000 SF
Class
C
Year Built
2022
Buildings
2
Lot Size (sq. ft)
65,776 SF
Units
2

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
32.0458845
Longitude
-101.997771
5605 Loop 250, Midland, Texas

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5605 Loop 250
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