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32316816
32316817

10800 W COUNTY RD 77, MIDLAND, TX 79707-1686

DC
TX TX 722097
Marcus & Millichap - Dallas
CB
TX 839529
AA
TX 661916
Marcus & Millichap - Dallas
Listed by Marcus & Millichap - Dallas
$1,850,000
51 days on market
Updated 50 days ago

Infrastructure Networks

Details
APN 040100312370
Property Type Retail, Industrial
Sub Type Warehouse
Square Footage 10,375
Units 1
Cap Rate 8.92%
Occupancy 100%
Tenancy Single
Lease Type NNN
Pro-Forma Cap Rate 9.09%
Price per SqFt $178
Year Built 2018
Buildings 1
Acreage 2.500
Zoning ETJ
Ground Lease No
Loading Docks 6
Ownership Fee Simple

100% Leased | 10,375 SF Industrial Asset

Marketing description

The property is a 10,375-square-foot industrial asset situated on 2.50 acres of land. It was delivered in 2018 and features metal construction, six overhead doors, and a gated lot. The property's modern design and construction make it an attractive option for businesses inthe industrial sector. Its location between Midland and Odessa, just north of State Highway 191, provides easy access to major transportation routes. The property's proximity to these cities also offers a large pool of potential employees and customers. The industrial asset is well-suited forcompanies that require a secure and accessible location. The gated lot provides an additional layer of security for the property.

Investment highlights

• 10,375-Square-Foot Industrial Asset Situated on 2.50 Acres

• Delivered in 2018, Featuring Metal Construction, Six Overhead Doors, and a Gated Lot

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

• Fully Occupied by Infrastructure Networks (INET) | Founded in 2011, the Oil & Gas Industry's Leading Provider of Remote Communication Solutions with over 100 Clients

• +/-Five Years Remaining on NNN Lease with 2% Annual Rent Escalations

• Attractive Location Between Midland and Odessa, Just North of SH 191

Listing Contacts

DC
TX TX 722097
Marcus & Millichap - Dallas
CB
TX 839529
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
Davis Cagle
License
TX 722097
Brokerage Phone
(972) 755-5230
Name
Chase Beasley
License
839529
Brokerage Phone
(972) 755-5229
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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