The Wood Group USA, Inc. — Sale in Midland, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Midland, TX 79707
  • Year built: 2015

Investment Figures

Cap rate
11.86%

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

The property is a 5,000-square-foot industrial asset situated on 1.90 acres, providing ample space for various industrial operations. The asset features a 1,250-square-foot office, which can accommodate administrative staff and management. Two pull-thru bays are also available, allowing for efficient loading and unloading of goods. The fenced-in lot provides a secure environment for equipment and inventory storage. Additionally, the property has three-phase power, which is suitable for heavy industrial equipment. The property's location south of Highway 158 between Midland and Odessa makes it easily accessible. This strategic location allows for convenient transportation and logistics. The property is fully stabilized, making it an ideal investment opportunity for those seeking a hands-off experience with strong returns. The current tenant, Wood Group, has a one-year modified gross lease with a 36-month renewal option at 3% annual increases. This lease agreement provides a stable source of income for investors. Wood Group is a reputable global consulting, engineering, and operations partner with locations in over 50 countries and more than 30,000 employees. The company's strong presence and financial stability ensure a reliable lease payment. The property's stabilized condition and secure lease agreement make it an attractive investment opportunity. The lease terms and tenant profile minimize the risk for investors. Investment Highlights: • 5,000-Square-Foot Industrial Asset Situated on 1.90 Acres • Featuring 1,250-Square-Foot Office, Two Pull-Thru Bays, Fenced-in Lot, and Three Phase Power • Fully Stabilized -Ideal for Investors Seeking Hands-Off Opportunity with Strong Returns • One-Year Modified Gross Lease with Wood Group -36-Month Renewal Option at 3% Annual Increases • Wood is a Global Consulting, Engineering, and Operations Partner with Locations in over 50 Countries and More than 30,000 Employees • Located South of Highway 158 Between Midland and Odessa

Market Context

This industrial in Midland, TX is listed for sale. It is offered at an approximate 11.9% capitalization rate, a key benchmark for income-producing industrial assets. The building dates to 2015. 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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