Contacts

Larry Nielsen

NRG Realty Group

Property Details

Property Type Industrial - Warehouse/Distribution
Property Size 6,000 SF
Units 2
Lot Size 4 Acre
Additional Rent Contact for pricing
Date Updated Oct 28, 2024
HVAC None

The property is located in Midland County, outside city limits, 5 miles south of Interstate 20 and approximately 1 mile north of FM 160.NRG Realty Group is proud to present an exceptional opportunity for industrial real estate investors looking to acquire two side-by-side 3,000 square foot (SF) buildings situated on a combined total of +/- 3.5 acres of land. These properties are currently generating a stable Net Operating Income (NOI) of $123,000 annually, supported by two high-credit tenants—Badger Infrastructure Solutions and Evers & Sons. These buildings are located in Midland, TX, part of the Permian Basin, the epicenter of U.S. oil and gas production. The Permian Basin is one of the most prolific oil-producing regions globally, and Midland serves as the hub for energy companies, service providers, and infrastructure supporting the industry. With vast reserves of both oil and natural gas, Midland has seen continuous investment and technological advancements, making it a key driver in U.S. energy independence and global supply. Its strategic location and industry dominance position it as a critical player in the energy market.

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Highlights

9.9% Cap Rate
$123,000 NOI
6,000 SF on 4 Acres Across 2 Lots

Getting around

25/100
Bike Score ®

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City Midland, TX
Neighborhood Ridgeheights
Zip Code 79706
Market Midland Odessa

Points of Interest

Sunoco

4.56 miles
Kent Kwik

4.88 miles
Exxon

5.40 miles
Stripes

5.41 miles
Walmart

5.58 miles
Texaco

6.61 miles
Kent Kwik #321

7.46 miles
DK

7.73 miles
Tesla Supercharger

8.42 miles

Cascades Car Wash

9.54 miles

Whataburger

4.76 miles
IHOP

5.32 miles
Popeyes

5.33 miles
Burger King

5.35 miles
McDonald's

5.60 miles
Sonic

5.62 miles
McAlister's Deli

5.66 miles
Jack in the Box

5.68 miles
La Mision

6.37 miles
Reyna's Deli - Original

6.47 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.