10504 W County Road 72
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10504 W County Road 72
25,000 SF Industrial Building Midland, TX 79707 $3,600,000 ($144/SF) 10% Cap Rate
Investment Highlights
- Attractive 10% current cap rate
- 2 miles from TX-191
- Proximity to industrial parks with potential business partners and suppliers
- Potential for increased returns with the renewal option
- Located in the growing Midland market
Executive Summary
Located in the thriving industrial hub of Midland, Texas, this investment property at 10504 W. County Rd 72 offers a remarkable opportunity for investors seeking a stable income stream. Priced at $3,600,000, this property features a total of 25,000 SF on 4.5 acres, including 5,000 SF of office space and a generous 20,000 SF shop area.
Strong Current Returns
Commanding 10% current cap rate generating $360,000 in annual income
Attractive price point at $144/SF, totaling $3,600,000
Built-in rent escalation with renewal cap rate increasing to 11.92%
Projected annual income of $429,000 during renewal period
Strategic Facility Configuration
Total building size of 25,000 SF on 4.5 acres
Versatile space allocation with 5,000 SF office space and 20,000 SF shop area
Ample land for potential future expansion or additional development
Efficient layout supporting various industrial operations
Prime Location & Accessibility
Positioned in Midland's thriving industrial corridor
Just 2 miles from TX-191 providing excellent transportation access
6-mile proximity to Midland Airport facilitating logistics operations
Easy access to I-20 within 6.5 miles
Surrounded by industrial parks offering strong business synergies
Secure Income Stream
Current lease extends through June 30, 2026
Five-year renewal option through June 30, 2031
Monthly rent of $30,000 with scheduled increase to $35,750 during renewal
Long-term income stability potential through 10-year total lease duration
Market Position Advantages
Located in Midland's expanding industrial sector
Multi-purpose facility suitable for diverse industrial applications
Strong regional infrastructure supporting business operations
Established industrial neighborhood with complementary businesses
Value-Add Potential
Below-market rent provides upside potential
Large lot size offers development opportunities
Strategic location in growth corridor
Rising market rents in surrounding area
Strong Current Returns
Commanding 10% current cap rate generating $360,000 in annual income
Attractive price point at $144/SF, totaling $3,600,000
Built-in rent escalation with renewal cap rate increasing to 11.92%
Projected annual income of $429,000 during renewal period
Strategic Facility Configuration
Total building size of 25,000 SF on 4.5 acres
Versatile space allocation with 5,000 SF office space and 20,000 SF shop area
Ample land for potential future expansion or additional development
Efficient layout supporting various industrial operations
Prime Location & Accessibility
Positioned in Midland's thriving industrial corridor
Just 2 miles from TX-191 providing excellent transportation access
6-mile proximity to Midland Airport facilitating logistics operations
Easy access to I-20 within 6.5 miles
Surrounded by industrial parks offering strong business synergies
Secure Income Stream
Current lease extends through June 30, 2026
Five-year renewal option through June 30, 2031
Monthly rent of $30,000 with scheduled increase to $35,750 during renewal
Long-term income stability potential through 10-year total lease duration
Market Position Advantages
Located in Midland's expanding industrial sector
Multi-purpose facility suitable for diverse industrial applications
Strong regional infrastructure supporting business operations
Established industrial neighborhood with complementary businesses
Value-Add Potential
Below-market rent provides upside potential
Large lot size offers development opportunities
Strategic location in growth corridor
Rising market rents in surrounding area
Property Facts
| Price | $3,600,000 | Rentable Building Area | 25,000 SF |
| Price Per SF | $144 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2015 |
| Cap Rate | 10% | Tenancy | Single |
| Sale Conditions | Build to Suit | Clear Ceiling Height | 20 FT |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 9 |
| Lot Size | 4.48 AC |
| Price | $3,600,000 |
| Price Per SF | $144 |
| Sale Type | Investment or Owner User |
| Cap Rate | 10% |
| Sale Conditions | Build to Suit |
| Property Type | Industrial |
| Lot Size | 4.48 AC |
| Rentable Building Area | 25,000 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Tenancy | Single |
| Clear Ceiling Height | 20 FT |
| No. Drive In / Grade-Level Doors | 9 |
Utilities
- Water - Well
- Sewer - Septic Field
PROPERTY TAXES
| Parcel Number | R000209-092 | Improvements Assessment | $0 |
| Land Assessment | $150,000 | Total Assessment | $150,000 |
PROPERTY TAXES
Parcel Number
R000209-092
Land Assessment
$150,000
Improvements Assessment
$0
Total Assessment
$150,000
zoning
| Zoning Code | None, County |
| None, County |
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10504 W County Road 72
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