Kidder Matthews is pleased to present to qualified investors, a newly constructed, single tenant industrial and yard asset leased to Liberty Lift in Midland Texas. The property is situated on over 19 acres of land with 5 existing buildings that were newly built on the property, with a sixth, a machine shop currently being constructed. At the conclusion of the construction of the machine shop, the lease will revert to a fresh 15 year deal.
Situated in a prime location in Midland County, this property benefits from easy access to major highways, making it ideal for industrial and commercial purposes. The property houses Liberty Lift Solutions, located in the top producing city of Oil and Gas in the United States. It offers a spacious lot, providing ample room for expansion of the existing tenant or demising the land in the future for additional tenants.
Liberty Lift is a privately held, full service artificial lift company and was formed in 2012 as a beam pumping manufacturing company but has since expanded their product line to include gas lifts, hydraulic jet pumps, plunger lifts, down hole rod pumps, PC Pumps and much more.
Liberty Lift though a private company, is benefiting from substantial sales, low debt, and solid fundamentals. Their first site was a build-to-suit for them in Midland 13 years ago and fast forward to today, they have grown into over 20 locations nationally.
This site is purpose built for Liberty Lift where they have signed a 15 year, absolute NNN lease, featuring 2% annual bumps and no LL responsibilities, giving an investor substantial cash flow and future growth with a dynamic and growing tenant. Please contact broker for further information.