Coco Bananas — Sale in Midland, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Midland, TX 79701
  • Year built: 1972

Investment Figures

Cap rate
10.56%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 2308 West Front Street in Midland, Texas, leased to Coco Bananas. The subject property consists of approximately 6,720 square feet of flex space and is situated on 0.31 acres of land. The single-tenant asset features tilt-wall construction and one grade-level door. With prime frontage along Front Street, the property has proximity to Interstate 20, the main corridor connecting Midland to Odessa. The tenant is signed to a triple net lease at $11.00 per square foot that expires at the start of September 2029. In business since 2015, Coco Bananas specializes in women’s contemporary apparel, accessories, and gifts. In 2025, Coco Bananas was voted Best in the Basin and awarded the Gold Boutique of Midland by the Midland Reporter-Telegram. The subject property is well-positioned within the energy-dependent Midland market, containing 22.4 million square feet of industrial space. In 2025, net absorption bucked the national trend and experienced a significant rebound, rising 363.5 percent to over 218,000 square feet. However, supply outpaced demand as about 651,000 square feet of net deliveries expanded the inventory. As a result, the vacancy rate in Midland increased to 8.6 percent. The increase in availability helped contract annual market rent growth by -0.9 percent last year. With less than 67,000 square feet of industrial space under construction (representing less than 1.0 percent of inventory), vacancies should decline going forward if demand continues to rise (CoStar). Given the dollar’s ongoing decline in exchange value, key global commodities priced in dollars, namely oil and gas, are expected to find support in 2026 and eventually rise. This makes Midland a great buying opportunity thanks to the relationship between higher energy prices and local industrial demand. Located in West Texas, the Midland-Odessa metro is considered to be an energy capital as the Permian Basin is

Market Context

This industrial in Midland, TX is listed for sale. It is offered at an approximate 10.6% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 1972. It has been on the market for 101 days. Compare it against other industrial listings for sale in Midland, TX — view the full market.

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