401 W Texas Ave - Office FOR SALE
Midland, TX 79701 |
401 W Texas Ave
Midland, TX 79701
HIGHLIGHTS
- ±108,000 SF, 10-story, multi-tenant office building located in the heart of downtown Midland, TX
- The property offers outstanding value and endless options for office lease-up, apartment or hotel re-development, data/technology facilities, etc.
- Midland, TX recently ranked as the 2nd-fastest growing city in the nation and also features the lowest unemployment rate in the U.S.
- The property features onsite and leased parking options
- ±150,000 people reside within 5-miles of the property with avg annual household incomes greater than $100,000
- The oil and gas industry is key to Midland’s economy; however, aerospace, agriculture, healthcare, retirement, and transportation play critical roles.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
REO Lender Sale- 108k SF Office/Redevelopment
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
108000
STORIES
10
BUILDING CLASS
B
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
0.67 AC AC
LAND SF
29,185 SF
ZONING
-
APN/PARCEL ID
R000035-325
