3811 S County Road 1235 | Midland, TX 79706
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3811 S County Road 1235
Midland, TX 79706
Park City Drilling · Industrial Property For Sale
Investment Highlights
- 15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres | 2,350 SF of Office Space | Private Offices, Conference Room, Dispatch Area
- 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
- Strategically Located within a New Industrial Park with Immediate Access to Interstate 20 and Loop 250
- STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations) | 3 Years Remaining on Base Term | One, 5-Yr Option Period
- Property Features Include: 3-Phase/Heavy Power, 22’ Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks
Executive Summary
TIM SPECK | LICENSE: 9002994
PROPERTY FACTS
| Sale Type | Investment NNN | Number of Floors | 1 |
| Net Initial Yield | 8% | Year Built | 2019 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | B | Clear Ceiling Height | 22 ft |
| Lot Size | 3.00 AC | Level Access Doors | 3 |
| Rentable Building Area | 15,221 SF |
| Sale Type | Investment NNN |
| Net Initial Yield | 8% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 15,221 SF |
| Number of Floors | 1 |
| Year Built | 2019 |
| Tenancy | Single |
| Clear Ceiling Height | 22 ft |
| Level Access Doors | 3 |
Amenities
- Fenced Lot
zoning
| Zoning Code | None |
| None |
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