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.