Park City Drilling — Sale in Midland, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Midland, TX 79706
  • Year built: 2019

Investment Figures

Cap rate
8.50%

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

15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres in Midland, TX Investment Highlights: • STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations) • 15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres • 3 Years Remaining on Base Term | One, 5-Yr Option Period • 3% Annual Rent Increases Throughout Base & Option Periods | 9.27% Blended Cap Rate Over the Base Term, 10.00% Blended Cap Rate Over Total Term • NNN Lease with Minimal Landlord Responsibilities • 2,350 SF of Office Space | Private Offices, Conference Room, Dispatch Area | (3) 5-Ton Overhead Bridge Crane • Property Features Include: 3-Phase/Heavy Power, 22' Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks

Market Context

This industrial in Midland, TX is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 2019. It has been on the market for 100 days. Compare it against other industrial listings for sale in Midland, TX — view the full market.

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