16 Industrial Loop | Midland, TX 79701
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- LoopNet Team
16 Industrial Loop
Midland, TX 79701
Mohave Storage - Midland, TX · Specialty Property For Sale
·
29,760 SF
INVESTMENT HIGHLIGHTS
- Strong 3-Mile Income and Population Demographics; There Are 61,821 People in the Trade Area With an Average Income of $87,885
- Capital Improvements Include a New Surveillance System, Power Gate, Signage, Additional Walls and Lighting
- The Facility Was Converted Into a Self-Storage and is Already Leased Above 70% Occupancy
- There's Been a 12% Rental Rate Growth Over the Past 12 Months in the Trade Area (Data From Stortrack)
- An Attractive $42/SF For Stabilized Product in TX
- Midland is in the Permian Basin, Located Off Interstate 20, and is a Major Center For Oil and Gas Production
PROPERTY FACTS
PROPERTY TAXES
| Parcel Number | R000004-545 | Improvements Assessment | $336,900 |
| Land Assessment | $49,500 | Total Assessment | $386,400 |
PROPERTY TAXES
Parcel Number
R000004-545
Land Assessment
$49,500
Improvements Assessment
$336,900
Total Assessment
$386,400
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