11308 W County Road 61 - Industrial FOR SALE


Midland, TX 79707
$3,250,000 USD
432-777-7022
11308 W County Road 61, Midland, TX for Sale
$3,250,000 USD
Industrial - FOR SALE
1/22
null | Request Cap Rate

11308 W County Road 61
Midland, TX 79707


HIGHLIGHTS

  • Investment + BTS Opportunity
  • 25.33 Acres
  • Water Wells

OVERVIEW

This 25.33-acre industrial property includes a 12,800 SqFt existing building, multiple water wells, and 8 RV hookups. The seller is seeking an investor to purchase the site and partner on an 8,000 SF Build-to-Suit expansion, which will be leased back under a long-term agreement. Sales Price: $3,250,000 Initial Lease-Back (Current Building): $15,000/Month Initial Lease-Back Term: 6 Months +/- BTS Lease-Back: $13,000/Month BTS SqFt: 8,000 SqFt Lease-Back Rate: $19.50/SF/YR BTS Lease-Back Term: 5 Years

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$254 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11308 W. County Rd 61

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2014

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

11

PARKING SPACES

-

LAND DETAILS

LAND ACRES

56.51

LAND SF

2,461,576

ZONING

-

APN/PARCEL ID

R000007-451

ASK ABOUT THIS PROPERTY

Lance WhiteInvest Texas Real Estate, LLCMore Info
432-777-7022

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Lance WhiteInvest Texas Real Estate, LLCMore Info
432-777-7022

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