2607 Holdridge Road - Warehouse FOR SALE


Midland, TX 79707
$1,742,105 USD
432-777-7022
2607 Holdridge Road, Midland, TX for Sale
$1,742,105 USD
Warehouse - FOR SALE
1/29
null | 9.5% Cap Rate

2607 Holdridge Road
Midland, TX 79707


HIGHLIGHTS

  • 9.5% Cap Rate
  • Single-Tenant NNN Investment
  • 8,750 SF Class A industrial facility completed in 2024

OVERVIEW

Discover a premier Class A industrial investment opportunity in the heart of Midland's thriving Permian Basin. Built in 2024, this 8,750 SF facility sits on 2.86 acres and is secured by a long-term Triple Net (NNN) lease through 2031, delivering immediate cash flow with a 9.5% cap rate and 3% annual rent increases. The property features modern office space, expansive shop area, a dedicated wash bay, seven overhead doors, and a 7.5-ton crane. Ideally positioned within Villa Industrial Park with convenient access to Highway 191, Highway 1788, and Interstate 20, this asset offers investors stable income, quality construction, and long-term growth potential. Investment Highlights: 9.50% Cap Rate $165,500+ Annual Net Operating Income Single-tenant NNN investment Lease in place through March 31, 2031 3% annual rental increases New construction (2024) Building Highlights 8,750 SF Class A industrial facility completed in 2024 2.86-acre fully improved industrial site 2,000 SF professional office space 5,500 SF warehouse/shop 1,250 SF dedicated wash bay Seven 14' x 16' overhead doors 22-foot eave height 7.5-ton bridge crane Fully fenced yard with ample outdoor storage Located in Midland's premier Villa Industrial Park Excellent access to Highway 191, Highway 1788 & Interstate 20

FOR SALE DETAILS

PRICE

$1,742,105 USD

PRICE/SF

$229 USD /SF

CAP RATE

9.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2607 Holdridge Rd

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

-

CLEAR CEILING HT

22 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.69

LAND SF

683,304

ZONING

-

APN/PARCEL ID

R000228601

ASK ABOUT THIS PROPERTY

Jakob VinesInvest Texas Real Estate, LLCMore Info
432-777-7022

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Jakob VinesInvest Texas Real Estate, LLCMore Info
432-777-7022

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