3800 S County Road 1232 - Manufacturing FOR SALE


Midland, TX 79706
$15,613,000 USD
310-977-1651
3800 S County Road 1232, Midland, TX for Sale
$15,613,000 USD
Manufacturing - FOR SALE
1/6
null | 8.5% Cap Rate

3800 S County Road 1232
Midland, TX 79706


OVERVIEW

• STRONG NATIONAL TENANT WITH GLOBAL BACKING – Oil Patch Group, Inc, is a long-standing provider of specialty rental equipment and field services for the U.S. oil and gas industry. The company operates under the brand Centurion US Rentals & Services, which represents the U.S. division of Centurion Group, a global leader in critical rental, infrastructure, and services across energy, industrial, and infrastructure markets with 89 facilities across 11 countries and over 2,400 employees. • STRATEGIC PERMIAN BASIN LOCATION – The subject property is strategically located just off Interstate-20 (I-20), a major east-west interstate connecting from Interstate 10 (I-10) in Midland/Odessa to key energy and industrial markets such as Dallas, Atlanta, and beyond, as well as lies just ±4 miles from Midland International Airport - offering direct access to the broader Permian Basin. As the epicenter of America’s most productive oil formation, Midland/Odessa serves as a vital hub for oilfield operations, providing unmatched access to drilling activity, skilled labor, and energy infrastructure. Additionally, the South County Road 1232 corridor is experiencing a surge in new industrial development and absorption due to significant infrastructure investment, including Loop 250 extensions and upgraded intersections. • NEW CONSTRUCTION / FUNCTIONAL IOS – This newly developed site comprises of ±55,472 SF across four (4) warehouses on a huge ±33.375 AC lot (4% Building/Lot Coverage) allowing for abundant yard space for open storage and operating heavy infrastructure & fleet-based logistics - a critical advantage for infrastructure service providers operating in the Permian Basin. With three (3) cranes and Twenty-Eight (28) grade level doors, this is a mission-critical facility designed to support high-throughput industrial operations, equipment staging, and 24/7 field service mobilization. • INCOME TAX FREE STATE – Texas benefits from no state income tax offering significant financial advantages for businesses and investors, enhancing profitability and making it an attractive location for long-term growth and investment.

FOR SALE DETAILS

PRICE

$15,613,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

UTILITIES

Gas - Propane, Water - Well, Sewer - Septic Field, Heating - Gas

CLEAR CEILING HT

22 Ft

DOCKS

28

DRIVE INS

8

PARKING SPACES

-

LAND DETAILS

LAND ACRES

33.38

LAND SF

1,454,033

ZONING

-

APN/PARCEL ID

0004020.013.1070

ASK ABOUT THIS PROPERTY

Alexander HarroldMatthews Real Estate Investment ServicesMore Info
310-977-1651

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Alexander HarroldMatthews Real Estate Investment ServicesMore Info
310-977-1651

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