
For Sale
$3,600,000
Located in the growing Midland market
Attractive 10% current cap rate·
2 miles from TX-191·
Proximity to industrial parks with potential business partners and suppliers·
10504 W County Road 72 – Midland, TX
Property Description
Prime Industrial Investment Opportunity – Midland, Texas
Exceptional investment opportunity at 10504 W. County Rd 72 in Midland’s thriving industrial corridor. This 25,000 SF facility, situated on 4.5 acres, presents compelling returns with strong tenant occupancy and strategic location advantages.
Financial Highlights:
- Purchase Price: $3,600,000 ($144/SF)
- Current Cap Rate: 10% ($360,000 annual income)
- Monthly Rent: $30,000, increasing to $35,750 during renewal
- Projected Renewal Cap Rate: 11.92% ($429,000 annual income)
Property Specifications:
- Total Building Area: 25,000 SF
- Office Space: 5,000 SF
- Shop/Warehouse Area: 20,000 SF
- Land Size: 4.5 acres
- Additional development potential
Location Advantages:
- 2 miles from TX-191
- 6 miles to Midland Airport
- 6.5 miles to I-20
- Surrounded by established industrial parks
- Prime position in Midland’s industrial growth corridor
Secure Income Stream:
- Current lease through June 30, 2026
- Five-year renewal option through June 30, 2031
- Potential 10-year total lease duration
- Below-market rent offering upside potential
Investment Value Drivers:
- Strong current returns with built-in growth
- Strategic location in expanding industrial sector
- Multi-purpose facility configuration
- Substantial land for future expansion
- Rising market rents in surrounding area
- Excellent transportation access
- Established industrial neighborhood
This property represents an outstanding opportunity to acquire a well-positioned industrial asset with stable income and significant upside potential in Midland’s growing market.
Gallery
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