7401 SCR 1210

Located at 7401 SCR 1210 in Midland, Texas, this investment property was built in 2022 on a 40-acre lot, offering a total building size of 48,500 square feet. It comprises 3,500 square feet of office space and 45,000 square feet of industrial space. The property features seven 10-ton OG cranes and several overhead doors, including three at 24'X35', two at 12'X16', and one at 16'X16', with an eave height of 42'. Currently, the property is leased under a Triple Net Lease agreement with a tenant committed to a 7-year term starting from June 1, 2022, to May 30, 2029, with two renewal options, each for 3 years. Financially, the property generates a Net Operating Income (NOI) of $720,000, offering a Cap Rate of 11.8%, with a list price of $6,100,000. With its solid lease terms, impressive features, and attractive financials, this property represents a compelling investment opportunity in Midland's thriving industrial market.