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28018375
32928938

3913 FM715, Midland, TX 79706

JD
TX 9004023
NRG Realty Group
Listed by NRG Realty Group
$3,273,634.29
213 days on market
Updated 2 days ago

High Yield Value Add STNL | 10.50% CAP

Details
Property Type Industrial
Sub Type Distribution, Warehouse
Square Footage 17,500
Cap Rate 10.5%
NOI $343,731
Tenancy Single
Lease Type NNN
Lease Term 4
Lease Expiration 08/31/2027
Remaining Term 1.2
Price per SqFt $187
Year Built 2014
Buildings 1
Acreage 12.160
Investment Type Value Add
Lease Commencement 09/01/2023
Ground Lease No

High Yield Value Add STNL | 10.50% CAP

Marketing description

NRG Realty Group has been selected to exclusively market the Victory Fleet Service facility in Midland, TX. The property features a 17,500 SF office/warehouse with a 15-ton crane and over 12 acres of land for outside storage. The prominent location on FM 715 is less than 2 miles from I-20 and 2 miles from Hwy 158 providing convenient access to major thoroughfares. Victory Fleet Service specializes in semi truck and trailer maintenance and repair throughout Texas.

This property includes a 17,500 SF building on 12.16 Acres. The 5,000 SF office contains 10 offices, a reception area, a conference room, a break room, a training room, a server room, and men's & women's restrooms. The 12,500 SF shop features (1) 15-ton crane and (6) 18' overhead doors forming 3 drive-through bays. The shop also includes a shop office, a shop restroom, parts cage, shop showers, and a laundry room.

Investment highlights

17, 500 SF Office/Warehouse

12.16 Acres

5,000 SF Office | 10 Private Offices

Reception, Conference, Break, & Training Rooms

12,500 SF Shop

(1) 15-ton Crane

(6) 18' Overhead Doors

Shop Office, Parts Cage, Showers, & Laundry Room

Listing Contacts

JD
TX 9004023
NRG Realty Group
Listed by NRG Realty Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$343,731.00
$28,644.25/mo

Valuation Metrics

0
DSCR
10.5%
Cap Rate
10.5%
ROI

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Additional Information

Name
Justin Dodd
License
9004023
Brokerage
NRG Realty Group, LLC
Title
President
Brokerage Address
6191 State Highway 161
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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