16101602 County Road 153Midland, TX 79706

For Sale
$1,242,424.24

High-yield industrial property, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents two 3,000 square foot industrial buildings situated on a four-acre lot in Midland, Texas. Built in 2020, these single-story structures boast 18-foot ceilings and are currently leased to high-credit tenants under a triple-net (NNN) lease agreement commencing October 1, 2024, and expiring September 30, 2029. The property generates a substantial net operating income (NOI) of $123,000 annually, resulting in an attractive 9.9% capitalization rate. The asking price is $1,242,424.24, translating to $207.07 per square foot. Located in the heart of the Permian Basin, this property benefits from the region's robust energy sector and offers significant potential for long-term growth and return on investment. The property's zoning is not specified. This sale-leaseback opportunity provides a secure and profitable investment in a thriving market. The combined rentable space totals 6,000 square feet across two buildings.

Highlights

  • 9.9% Cap Rate.
  • $123,000 Annual NOI.
  • 6,000 SF on 4 acres in Midland, TX.
  • Two 3,000 SF buildings, built in 2020, with 18' ceilings.
  • Triple-net (NNN) lease with high-credit tenants (October 1, 2024 - September 30, 2029).
  • $1,242,424.24 asking price ($207.07/SF).

Property Details for 16101602 County Road 153

Property type
Other warehouses, Other industrial properties
Square Feet
6,000 SF
Year Built
2020
Buildings
2
Stories
1
Lot Size (sq. ft)
174,240 SF
Units
2

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.918272
Longitude
-102.0254965
16101602 County Road 153, Midland, Texas

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16101602 County Road 153
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