3211 S County Road 1180 - Warehouse FOR SALE


Midland, TX 79706
$1,427,027 USD
214-534-7976
3211 S County Road 1180, Midland, TX for Sale
$1,427,027 USD
Warehouse - FOR SALE
1/23
null | 9.25% Cap Rate

3211 S County Road 1180
Midland, TX 79706


HIGHLIGHTS

  • (6) 16' Grade-Level Doors
  • 1,250 SF Covered Wash-Bay
  • 9.25% Cap Rate

OVERVIEW

NRG Realty Group has been selected to exclusively market the opportunity to acquire 3211 S. County Rd 1180, Midland, TX – a Single Tenant Net Lease IOS property that is part of a 3-property portfolio. The 5 year lease is held by Dorado Oilfield Services, LLC and expires March 31, 2030. The net lease structure features 2.5% annual escalations, minimal landlord repair responsibilities, and reimbursement of property management fees. Dorado is an oilfield construction company primarily focusing on midstream projects & plant construction. This property is being offered as a stand-alone asset or in conjunction with two additional single tenant net lease assets in the same industrial park leased to Pason & Express Energy Services. The subject property features an 8,000 SF office/warehouse on 4 acres of land and is conveniently located less than .5 mile from I-20. An excellent location to service the Permian Basin! This 8,000 SF industrial service facility sits on 4.087 Acres. The building includes 1,750 SF of office, 5,000 SF of shop, and a 1,250 SF covered wash-bay. The office space hosts a welcoming reception area, 6 private offices, 1 conference room, 2 office restrooms, and 1 shop restroom. The shop features (6) 16' grade-level doors forming 5 drive-in bays and 1 leading to the wash-bay. The shop also has 3-Phase/480V power and is built 5-ton crane ready. This site is fully fenced with a gated entrance on SCR 1180. Located outside of city limits and outside of the flood zone.

FOR SALE DETAILS

PRICE

$1,427,027 USD

PRICE/SF

$178 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment Sale: 5 Bay Shop w/ Wash-Bay

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.08

LAND SF

177,725

ZONING

Outside City Limits

APN/PARCEL ID

0074310.001.0020

ASK ABOUT THIS PROPERTY

Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

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Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

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