2401 E County Road 155 - Service FOR SALE


Midland, TX 79706
$2,627,000 USD
432-682-2510
2401 E County Road 155, Midland, TX for Sale
$2,627,000 USD
Service - FOR SALE
1/25
null | 9.25% Cap Rate

2401 E County Road 155
Midland, TX 79706


HIGHLIGHTS

  • Long-Term Tenant: Iron Horse Chemicals
  • Build-to-Suit Tenant | Year Built: 2023
  • Tenant Rent Escalation: September 1, 2027

OVERVIEW

This 11,200 SF industrial property sits on a 4.00-acre caliche base yard with full perimeter fencing and two gated entrances, providing ample yard space for operations and equipment. The site is equipped with 3-Phase 480V power, fiber internet, a water well, and septic system. The building features (8) overhead doors with (4) drive-through bays, mezzanine storage in the shop, and a covered wash bay with a sump system. Office improvements include (4) offices, a conference room, a built-out lab room, kitchenette, (2) restrooms, and additional storage space. Located in an industrial development off FM 715, approximately 4 miles south of Interstate 20 and less than 3 miles from Garden City Highway. The site sits on a private county road that is scheduled to be paved by the end of the year.

FOR SALE DETAILS

PRICE

$2,627,000 USD

PRICE/SF

$235 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4

LAND SF

174,240

ZONING

-

APN/PARCEL ID

R000003-777

ASK ABOUT THIS PROPERTY

Trey DennisMoriah GroupMore Info
432-682-2510

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Trey DennisMoriah GroupMore Info
432-682-2510

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