10807 W County Road 46 - Industrial FOR SALE


Midland, TX 79707
$2,674,000 USD
512-338-7800
10807 W County Road 46, Midland, TX for Sale
$2,674,000 USD
Industrial - FOR SALE
1/3
null | 8.75% Cap Rate

10807 W County Road 46
Midland, TX 79707


HIGHLIGHTS

  • Annual Rent Increases
  • 8.75% Cap Rate
  • Large, 9+ Acre Yard with Entrances From the Front and Back of the Site
  • Recently Constructed and Occupied by Choya Rentals, LLC

OVERVIEW

Doherty Houston Industrial Group is pleased to exclusively offer this single-tenant industrial property leased to Choya Rentals, LLC located in Midland, Texas. The subject property is a 11,250-square-foot facility sitting on 9.03 acres, located off North State Highway 349 on West County Road 46. There are approximately three years remaining on a triple-net (NNN) lease with annual increases. There are no renewal options. This property is a brand-new, build-to-suit, with construction completed in 2023. The property features steel frame and metal construction with six drive-in doors. There is 4,000 square feet of office space, 3,750 square feet of warehouse space, and a 3,500-square-foot wash bay building that includes a 500-square-foot office. Midland is a city in western Texas and the seat of Midland County with small portions extending into Martin County. The population was 132,524 as of the 2020 census. Located in the Permian Basin in West Texas, Midland is a major center for American oil and natural gas production. Midland’s economy has long been focused on petroleum exploration and extraction. The Permian Basin is an oil-and-gas-producing area located in West Texas and the adjoining area of southeastern New Mexico. The Permian Basin covers an area approximately 250 miles wide and 300 miles long and is composed of more than 7,000 fields in West Texas.

FOR SALE DETAILS

PRICE

$2,674,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Choya

PROPERTY TYPE

Industrial

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.03

LAND SF

393,347

ZONING

-

APN/PARCEL ID

291500010040,291500010130

ASK ABOUT THIS PROPERTY

Patrick DohertyMarcus & MillichapMore Info
512-338-7800

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Patrick DohertyMarcus & MillichapMore Info
512-338-7800

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