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3618-3710 N County Rd 1148
Midland, TX 79705

VERSATECH AUTOMATION SERVICES/ POWER RIG TOOL · Industrial Property For Sale

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Investment Highlights

Two-Tenant Net Leased Industrial Opportunity in the Permian Basin
Both NNN Leases with Minimal Landlord Responsibility (Roof & Structure Only)
Early Lease Renewal from PRRT at 28% Rate Increase Shows Commitment to the Site | Now Running Through 1/31/2030

100% Leased to VersaTech Automation Services & Power Rig Rental Tool, Inc.
12,000 Combined Rentable SF | Situated on Large 5.26 Acre Parcel
Build-to-Suit for VersaTech in 2015 | Lease Contains 3% Annual Rent Increases | Multiple Connections for Housing Trailers on Site

PROPERTY FACTS

Sale Type	Investment	Lot Size	5.26 AC
Cap Rate	8.75%	Rentable Building Area	5,000 SF
Sale Conditions	Lease Option	No. Stories	1
Property Type	Industrial	Year Built	2015
Property Subtype	Warehouse Industrial Manufacturing	Tenancy	Single
Building Class	B	No. Dock-High Doors/Loading	1

Sale Type	Investment
Cap Rate	8.75%
Sale Conditions	Lease Option
Property Type	Industrial
Property Subtype	Warehouse Industrial Manufacturing
Building Class	B
Lot Size	5.26 AC
Rentable Building Area	5,000 SF
No. Stories	1
Year Built	2015
Tenancy	Single
No. Dock-High Doors/Loading	1

PROPERTY TAXES

Parcel Number	R000212-419	Improvements Assessment	$964,370
Land Assessment	$55,510	Total Assessment	$1,019,880

PROPERTY TAXES

Parcel Number

R000212-419

Land Assessment

$55,510

Improvements Assessment

$964,370

Total Assessment

$1,019,880

zoning

Zoning Code	Commercial (Commercial)
Commercial (Commercial)

Learn More About Investing in Industrial Properties

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Listing ID: 33313882
Date on Market: 9/26/2024
Last Updated:
Address: 3618-3710 N County Rd 1148, Midland, TX 79705

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