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Short Term SLB - Kodiak Gas Services 3110 S County Road 1180

23,054 SF Industrial Building Midland, TX 79706 $4,050,000 ($176/SF) 10% Cap Rate

Investment Highlights

  • 5 Drive-Through Bays w/ 16’ Overhead Doors
  • Crane Served – 10-ton bridge crane

Executive Summary

NRG Realty Group has been selected to exclusively market the Kodiak Gas Services LLC (NYSE: KGS) facility in Midland, TX. The opportunity includes the acquisition of 9.805 acres of land with two (2) buildings totaling 23,054 SF. KGS is proposing a 18-month leaseback of the asset. The main office/warehouse is 12,939 SF with 5,112 SF of Class-A office finish out and 7,827 SF of functional shop space that has five (5) drive through bays plus a 10-ton bridge crane . The second building totals 10,115 SF and is comprised of 3,524 SF of office space and 6,591 SF of warehouse space.
Main office/warehouse of 12,500 SF with 5,000 SF office and 7,500 SF warehouse with 5 drive-through bays, 23' eave height, 16' doors, and crane served plus a secondary office/warehouse building of 7,750 SF with approximately 3,500 SF office, 4,000 SF warehouse space, and an extra 2,500 SF of covered storage. The site is 9.8 acres with two automatic gates, covered and paved surface parking. There are three (3) man-camp trailers being utilized as additional office space. There is a natural gas gathering line on the north side of the property as well as running through the back side of the property.

Property Facts

Price $4,050,000
Price Per SF $176
Sale Type Investment
Cap Rate 10%
Property Type Industrial
Lot Size 5.00 AC
Rentable Building Area 23,054 SF
No. Stories 1
Year Built 2018
Tenancy Single
Clear Ceiling Height 40 FT

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0066540.000.0010
Land Assessment
$73,550
Improvements Assessment
$1,414,850
Total Assessment
$1,488,400
  • Listing ID: 32628879

  • Date on Market: 7/30/2024

  • Last Updated:

  • Address: 3110 S County Road 1180, Midland, TX 79706

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