Listed by Invest Texas Real Estate
$1,742,105
2607 Holdridge Road
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 8,750
Cap Rate 9.50%
NOI $165,500
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 03/31/2031
Class A
Year Built 2024
Acreage 2.860
Lease Commencement 03/19/2024
Ground Lease No
Ceiling Height 22
Single-Tenant NNN Industrial Investment | 9.5% Cap Rate
Marketing description
Discover a premier Class A industrial investment opportunity in the heart of Midland's thriving Permian Basin. Built in 2024, this 8,750 SF facility sits on 2.86 acres and is secured by a long-term Triple Net (NNN) lease through 2031, delivering immediate cash flow with a 9.5% cap rate and 3% annual rent increases. The property features modern office space, expansive shop area, a dedicated wash bay, seven overhead doors, and a 7.5-ton crane. Ideally positioned within Villa Industrial Park with convenient access to Highway 191, Highway 1788, and Interstate 20, this asset offers investors stable income, quality construction, and long-term growth potential.
Investment highlights
- 9.50% Cap Rate
- $165,500+ Annual Net Operating Income
- Single-tenant NNN investment
- Lease in place through March 31, 2031, with 3% annual rental increases.
- New construction (2024)
- Established Permian Basin industrial tenant
Listing Contacts
Listed by Invest Texas Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,500.40
$13,791.70/mo
Valuation Metrics
0
DSCR
9.5%
Cap Rate
9.5%
ROI
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