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31437255
31437256

2608 Flynt, Midland, TX 79701 For Sale

DC
TX TX 722097
Marcus & Millichap - Dallas
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$2,462,000
108 days on market
Updated 17 days ago

Flynt Avenue Multi-Tenant

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 23,175
Net Rentable (SqFt) 23,175
Units 2
Cap Rate 9.75%
NOI $240,000
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 9.98%
Pro-Forma NOI $245,700
Price per SqFt $106
Class B
Year Built 2010
Year Renovated 2019
Buildings 5
Acreage 2.840
Zoning ETJ -Outside City Limits
Ceiling Height 16'
Loading Docks 8

Industrial | 9.75% CAP | 23,175 SqFt

Marketing description

The property is a 23,175 square-foot multi-tenant industrial asset situated on 2.84 acres. It features metal construction with 16' clear height, eight grade-level doors, and 3-phase heavy power. The building is fully occupied by two tenants on triple net leases, which minimizes landlord responsibilities. This arrangement allows the landlord to benefit from a steady income stream with reduced maintenance and operational costs. The property's design and layout provide an ideal environment for industrial operations, with ample space for storage, manufacturing, or distribution. The metal construction and high clear height also make it suitable for a variety of industrial uses. The property's location and design make it an attractive option for businesses seeking a functional and efficient industrial space.

Investment highlights

  • 23,175 Square-Foot Multi-Tenant Industrial Asset Situated on 2.84 Acres
  • Metal Construction Featuring 16' Clear Height, Eight Grade-Level Doors, and 3-Phase Heavy Power
  • Fully Occupied By Two Tenants on Triple-Net Leases, Minimizing Landlord Responsibilities
  • Value-Add Opportunity to Renew Tenants or Re-Lease at Higher Rental Rate
  • Slowing Supply Side Pressure in Midland with Only 41,000 Square-Feet of Industrial Under-Construction as of December 2025 (CoStar)
  • Ideal Location with Easy Access to Interstate 20 and Other Major Streets

Listing Contacts

DC
TX TX 722097
Marcus & Millichap - Dallas
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$240,000.00
$20,000.00/mo

Valuation Metrics

0
DSCR
9.75%
Cap Rate
9.75%
ROI

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Additional Information

Name
Davis Cagle
License
TX 722097
Brokerage Phone
(972) 755-5230
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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