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Strong Credit Tenants | 9.9% Cap Rate 16021610 East County 153 rd

6,000 SF Industrial Building Midland, TX 79706 $1,242,424 ($207/SF) 9.90% Cap Rate

Investment Highlights

  • 9.9% Cap Rate
  • 6,000 SF on 4 Acres Across 2 Lots
  • $123,000 NOI

Executive Summary

NRG Realty Group is proud to present an exceptional opportunity for industrial real estate investors looking to acquire two side-by-side 3,000 square foot (SF) buildings situated on a combined total of +/- 3.5 acres of land. These properties are currently generating a stable Net Operating Income (NOI) of $123,000 annually, supported by two high-credit tenants—Badger Infrastructure Solutions and Evers & Sons. These buildings are located in Midland, TX, part of the Permian Basin, the epicenter of U.S. oil and gas production. The Permian Basin is one of the most prolific oil-producing regions globally, and Midland serves as the hub for energy companies, service providers, and infrastructure supporting the industry. With vast reserves of both oil and natural gas, Midland has seen continuous investment and technological advancements, making it a key driver in U.S. energy independence and global supply. Its strategic location and industry dominance position it as a critical player in the energy market.

Property Facts

Price $1,242,424
Price Per SF $207
Sale Type Investment
Cap Rate 9.90%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 4.00 AC
Rentable Building Area 6,000 SF
No. Stories 1
Year Built 2020
Tenancy Single
Clear Ceiling Height 18 FT
No. Drive In / Grade-Level Doors 4

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00003920.036.3061
Land Assessment
$15,000
Improvements Assessment
$375,530
Total Assessment
$390,530

zoning

Zoning Code None (None)
None (None)
  • Listing ID: 33271538

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 16021610 East County 153 rd, Midland, TX 79706

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