10504 W County Road 72 - Industrial FOR SALE


Midland, TX 79707
$3,600,000 USD
254-855-9179
10504 W County Road 72, Midland, TX for Sale
$3,600,000 USD
Industrial - FOR SALE
1/14
null | 10% Cap Rate

10504 W County Road 72
Midland, TX 79707


HIGHLIGHTS

  • Attractive 10% current cap rate
  • Potential for increased returns with the renewal option
  • 2 miles from TX-191
  • Located in the growing Midland market
  • Proximity to industrial parks with potential business partners and suppliers

OVERVIEW

Located in the thriving industrial hub of Midland, Texas, this investment property at 10504 W. County Rd 72 offers a remarkable opportunity for investors seeking a stable income stream. Priced at $3,600,000, this property features a total of 25,000 SF on 4.5 acres, including 5,000 SF of office space and a generous 20,000 SF shop area. Strong Current Returns Commanding 10% current cap rate generating $360,000 in annual income Attractive price point at $144/SF, totaling $3,600,000 Built-in rent escalation with renewal cap rate increasing to 11.92% Projected annual income of $429,000 during renewal period Strategic Facility Configuration Total building size of 25,000 SF on 4.5 acres Versatile space allocation with 5,000 SF office space and 20,000 SF shop area Ample land for potential future expansion or additional development Efficient layout supporting various industrial operations Prime Location & Accessibility Positioned in Midland's thriving industrial corridor Just 2 miles from TX-191 providing excellent transportation access 6-mile proximity to Midland Airport facilitating logistics operations Easy access to I-20 within 6.5 miles Surrounded by industrial parks offering strong business synergies Secure Income Stream Current lease extends through June 30, 2026 Five-year renewal option through June 30, 2031 Monthly rent of $30,000 with scheduled increase to $35,750 during renewal Long-term income stability potential through 10-year total lease duration Market Position Advantages Located in Midland's expanding industrial sector Multi-purpose facility suitable for diverse industrial applications Strong regional infrastructure supporting business operations Established industrial neighborhood with complementary businesses Value-Add Potential Below-market rent provides upside potential Large lot size offers development opportunities Strategic location in growth corridor Rising market rents in surrounding area

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$144 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

UTILITIES

Water - Well, Sewer - Septic Field

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

9

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.48

LAND SF

195,149

ZONING

None, County

APN/PARCEL ID

R000209-092

ASK ABOUT THIS PROPERTY

Robert LaFranceInvest Texas Real Estate, LLCMore Info
254-855-9179

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Robert LaFranceInvest Texas Real Estate, LLCMore Info
254-855-9179

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.