For Sale
$3,922,581
Fully Leased Industrial Portfolio
FM 307 Frontage·
9.3% Cap Rate·
9716 FM 307 and 9800 FM 307 – Midland, TX
Property Description
This dual-tenant portfolio at 9716 & 9800 FM 307 offers a combined 19,725 SF of functional industrial space across 4.4 acres, fully leased to established oilfield service providers. With a strong 9.3% cap rate, annual income of $364,800, and strategic FM 307 frontage, this offering provides immediate cash flow with long-term stability in a high-demand energy corridor.
Combined Investment Details:
| Tenant | NexLine Spooling | Distribution Plus |
| Address | 9800 FM 307 | Midland, TX 79706 | 9716 FM 307 | Midland, TX 79706 |
| Land Area | 2.382 Acres | 2.022 |
| Building Size | 10,725 SqFt | 9,000 SqFt |
| Office | 2,700 SqFt | 1,750 SqFt |
| Mezzanine | Unfinished | 1,750 SqFt |
| Shop | 8,025 SqFt | 5,500 SqFt |
| Cranes | (1) 3-Ton | (1) 10-Ton |
| Overhead Doors | 6 | 5 |
| Wash Bay | 1 | 0 |
Financial Overview:
| Purchase Price | $2,245,161 | 1,677,419 |
| Cap Rate | 9.3% | 9.3% |
| NOI | $208,800 | $156,000 |
| Price/SF | $218.51 | $186.38 |
| Annual Rent Increases | N/A | $12,000/YR |
| Lease Expiration | 5/31/2028 | 5/31/2028 |
