
For Sale
$10,500,000
Prime industrial facility offering strong investment potential with $1.2M annual NOI and attractive 10.67% cap rate.
Building Area: 77,347 SF·
Land Size: 26+- Acres·
11206 W CR 148 – Midland, TX
Property Description
Investment Property Overview
Prime industrial facility offering strong investment potential with $1.2M annual NOI and attractive 10.67% cap rate. This Class A warehouse property, constructed in 2014, encompasses 77,347 SF of total space, including 14,277 SF of modern office area, situated on a spacious 26-acre site.
Property Specifications:
- Sale Price: $10,500,,000
- Total Building Area: 77,347 SF
- Office Component: 14,277 SF
- Land: 26 acres
- Year Built: 2014
- Clear Height: 25 feet
- Loading: 12 drive-in/grade-level doors
- Structure: Two-story, Class A
- Occupancy: Single-tenant
- Parking Ratio: 0.16 spaces per 1,000 SF
Investment Metrics:
- Net Operating Income: $1.2 million annually
- Capitalization Rate: 10.67%
- Investment Type: NNN
- Asset Class: Industrial/Warehouse
Security & Access:
- 24-hour accessibility
- Fully fenced perimeter
This institutional-grade warehouse facility represents a compelling investment opportunity with stable cash flow and strong fundamentals in today’s industrial market.
Property Details
Total Building Area: 77,347 SF
Land: 26 acres
Year Built: 2014
Gallery
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