10800 W County Road 77 - Warehouse FOR SALE


Midland, TX 79707
$1,850,000 USD
972-755-5223
10800 W County Road 77, Midland, TX for Sale
$1,850,000 USD
Warehouse - FOR SALE
1/6
null | 8.92% Cap Rate

10800 W County Road 77
Midland, TX 79707


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)
  • +/-Five Years Remaining on NNN Lease with 2% Annual Rent Escalations
  • Attractive Location Between Midland and Odessa, Just North of SH 191

OVERVIEW

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 in the 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 for companies that require a secure and accessible location. The gated lot provides an additional layer of security for the property. The property is fully occupied by Infrastructure Networks, a leading provider of remote communication solutions to the oil and gas industry. Infrastructure Networks has been in operation since 2011 and has over 100 oil and gas clients, making it a stable and reliable tenant. The company has a strong presence in the industry and is well-established, providing a sense of security for investors. The property's lease is structured as a triple net lease, with the tenant responsible for all expenses, making it a hands-off investment opportunity. The lease has approximately five years remaining, with annual rent escalations of 2 percent, providing a potential for long-term growth. This lease structure and the tenant's strong industry presence make the property an attractive option for investors seeking a stable and low-maintenance investment. The property's full occupancy and stable lease provide a sense of security for investors.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

8.92%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Infrastructure Networks

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.5

LAND SF

108,900

ZONING

ETJ

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Adam AbushagurMarcus & MillichapMore Info
972-755-5223

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Adam AbushagurMarcus & MillichapMore Info
972-755-5223

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.