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31558853
31558854

7303 Farm to Market 1788, Midland, TX 79706

CB
TX 839529
DC
TX TX 722097
Marcus & Millichap - Dallas
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$1,100,000
58 days on market
Updated 9 days ago

The Wood Group USA, Inc.

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 5,000
Net Rentable (SqFt) 5,000
Units 1
Cap Rate 11.01%
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 11.37%
Price per SqFt $220
Year Built 2015
Buildings 1
Acreage 1.900
Ground Lease No
Loading Docks 4
Ownership Fee Simple

Industrial | 11.01% CAP | 5,000 SqFt

Marketing description

The property is a 5,000-square-foot industrial asset situated on 1.90 acres, providing ample space for various industrial operations. The asset features a 1,250-square-foot office, which can accommodate administrative staff and management. Two pull-thru bays are also available, allowing for efficient loading and unloading of goods. The fenced-in lot provides a secure environment for equipment and inventory storage. Additionally, the property has three-phase power, which is suitable for heavy industrial equipment. The property's location south of Highway 158 between Midland and Odessa makes it easily accessible. This strategic location allows for convenient transportation and logistics.

Investment highlights

• 5,000-Square-Foot Industrial Asset Situated on 1.90 Acres

• Featuring 1,250-Square-Foot Office, Two Pull-Thru Bays, Fenced-in Lot, and Three Phase Power

• Fully Stabilized -Ideal for Investors Seeking Hands-Off Opportunity with Strong Returns

• One-Year Modified Gross Lease with Wood Group -36-Month Renewal Option at 3% Annual Increases

• Wood is a Global Consulting, Engineering, and Operations Partner with Locations in over 50 Countries and More than 30,000 Employees

• Located South of Highway 158 Between Midland and Odessa

Listing Contacts

CB
TX 839529
DC
TX TX 722097
Marcus & Millichap - Dallas
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas

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Additional Information

Name
Tim Speck
License
TX 9002994
Title
Broker of Record
Name
Chase Beasley
License
839529
Brokerage Phone
(972) 755-5229
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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