For Sale
$1,742,105
9.5% Cap Rate·
Class A Industrial Facility·
Single-Tenant NNN Investment·
2607 Holdridge Rd
Property Description
Discover a premier Class A industrial investment opportunity in the heart of Midland’s thriving Permian Basin. Built in 2024, this 8,750 SF facility sits on 2.86 acres and is secured by a long-term Triple Net (NNN) lease through 2031, delivering immediate cash flow with a 9.5% cap rate and 3% annual rent increases. The property features modern office space, expansive shop area, a dedicated wash bay, seven overhead doors, and a 7.5-ton crane. Ideally positioned within Villa Industrial Park with convenient access to Highway 191, Highway 1788, and Interstate 20, this asset offers investors stable income, quality construction, and long-term growth potential.
Property Details
9.50% Cap Rate
$165,500+ Annual Net Operating Income
Single-tenant NNN investment Lease in place through March 31, 2031
3% annual rental increases
8,750 SF Class A Industrial Building (2024)
2.86 Acres | Fully Fenced Yard
22' Clear Height | 7.5-Ton Crane
Gallery
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