303- Wall StMidland, TX 79701

For Sale
Call for price
5 Buildings, 728,203 SF, High Growth Potential

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a portfolio of five Class A office buildings totaling 728,203 square feet, situated on 10.05 acres in Midland, Texas' Central Business District (CBD). Three buildings are conveniently located on Wall Street, with the remaining two properties on the northern edge of downtown. Currently boasting 60.29% occupancy, this value-add portfolio offers significant upside potential, given the Midland CBD's 84% occupancy rate. The property benefits from an attractive tenant mix, including local and national firms from diverse sectors such as investment, real estate, law, finance, and government, ensuring consistent lease inquiries. The portfolio's strategic location within the thriving Midland business district provides unparalleled value, significantly below replacement costs. An attractive assumable financing option with a 4.02% fixed interest rate is available. This presents a unique chance to optimize lease terms, extend agreements, and enhance the weighted average lease term, maximizing returns. The opportunity to control a substantial market share of office space in Midland's CBD further enhances this compelling investment.

Highlights

  • Prime Midland CBD location.
  • Substantially below replacement cost, offering exceptional investor value.
  • Significant Midland CBD market share control.
  • Attractive 4.02% fixed-rate assumable financing.
  • Opportunity to extend leases and improve portfolio's weighted average lease term.
  • Value-add potential: 24% below submarket occupancy.

Property Details for 303- Wall St

Property type
Office properties
Square Feet
728,203 SF
Class
A
Buildings
5
Lot Size (sq. ft)
437,778 SF

Location Insight

City
Midland
County
Midland
State
Texas
Latitude
31.9976746
Longitude
-102.0778305
303- Wall St, Midland, Texas

FAQs

What type of property is this?
Office property - 5 Buildings, 728,203 SF, High Growth Potential
Where is the office property located?
The property is located at 303- Wall St Midland, TX.
What are key features of this property?
This property features: Prime Midland CBD location.; Substantially below replacement cost, offering exceptional investor value.; Significant Midland CBD market share control.
How can I contact the broker?
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303- Wall St
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