16101602 County Road 153Midland, TX 79706

For Sale
$1,242,424.24
Property records and analytics
High-yield industrial property, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
125
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
Warehouses, 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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FAQs

What type of property is this?
Warehouse - High-yield industrial property, strong tenants.
Where is the warehouse located?
The property is located at 16101602 County Road 153 Midland, TX.
What is the asking price?
The asking price for this property is $1,242,424.24.
What are key features of this property?
This property features: 9.9% Cap Rate.; $123,000 Annual NOI.; 6,000 SF on 4 acres in Midland, TX.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Justin Dodd
Justin Dodd
Visit Broker Website

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County Road 153
Midland, TX 79706

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Midland, TX 79706

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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16101602 County Road 153
  • Justin Dodd
    Justin Dodd
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