For Sale | Capstone Industrial Park | Midland, TX
2600 S County Rd 1242
Midland, TX 79706
Highlights
- Sales Price - $132,950,000
- NOI - $1,085,129
- Cap Rate - 8.38%
- 100% occupied
- Average Lease Rate - $13.79/sf/yr
- 82,994 SF of industrial/flex space buildings
- 10 units ideal for diverse tenant mix
- Value-add property with under market rents
- Caliche Yard
- Ample parking for employees and visitors
- High ceilings for maximum usable space
- Close proximity to major transportation routes
- Buildings built from 2008-2013
- Utilities include public electricity, city sewer, and private water wells
Description
Coldwell Banker Commercial, Capital Advisors is pleased to offer for sale Capstone Industrial Park in Midland, TX. Capstone Industrial Park is a newly established Industrial park located just outside the southwest city limits of Midland, TX. Capstone has great visibility and access off of Business I-20. Situated just outside the city limits but within one mile from the quickly developing Tradewinds Blvd Corridor, gives the benefits of being outside the city limits while also providing quick access to entertainment, restaurant, and retail for tenants and their employees. Introducing an exceptional investment opportunity in Midland, TX. This impressive industrial/flex space property boasts 10 units totaling 82,994SF designed for a diverse tenant mix. The property offers versatile use options to investors. Currently at full capacity with 100% occupancy, this prime asset includes a spacious caliche yard, ample parking, and high ceilings for maximum usable space. Its strategic location close to major transportation routes further enhances its appeal.
VALUE ADD OPPORTUNITY
Midland, Texas, located in the heart of the Permian Basin, is a vibrant city known for its rich history, booming oil industry, and strong community spirit. With a population of around 140,000, Midland offers a unique blend of small-town charm and big-city amenities.
The economy of Midland is predominantly driven by the energy sector. The Permian Basin is one of the largest oil-producing regions in the United States, and Midland serves as a hub for energy companies and related businesses. The city is home to numerous oil and gas companies, including major players like Chevron and ConocoPhillips, as well as a myriad of service and support companies.
In addition to oil and gas, Midland has a diverse economy with sectors such as healthcare, education, and retail also contributing to its growth. The Midland Development Corporation works to attract new businesses and support economic development in the region.
Midland boasts a strong educational system, with Midland Independent School District (MISD) providing a range of public education options. The city is also home to Midland College, a comprehensive community college offering a variety of academic and vocational programs. Additionally, the University of Texas Permian Basin (UTPB) has a campus in nearby Odessa, providing further higher education opportunities.
