1110 E County Road 119 - Industrial FOR SALE


Midland, TX 79706
$1,427,027 USD
214-534-7976
1110 E County Road 119, Midland, TX for Sale
$1,427,027 USD
Industrial - FOR SALE
1/7
null | 9.25% Cap Rate

1110 E County Road 119
Midland, TX 79706


HIGHLIGHTS

  • Occupied by Pason Systems USA Corp – a leading energy services and technology company
  • Initial 5 year lease with (1) 5-year renewal option - NNN Lease Structure
  • Strategic Location just South of Interstate 20 in Midland, TX

OVERVIEW

NRG Realty Group has been retained to exclusively market the opportunity to acquire a Single Tenant Net Lease (STNL) industrial outdoor storage property in the heart of the Permian Basin region of West Texas. The property, leased to Pason Systems USA Corp. (“Pason”), is situated on 3.65 acres less than one mile from Interstate 20 in Midland, TX—a location synonymous with high demand for industrial facilities supporting the robust oil and gas industry. Pason is a leading energy services and technology company. They develop and deliver high-value hardware, software, and services, primarily for the oil and gas drilling industry in 12 countries. The lease is guaranteed by Pason US Holdings Corp. which is a wholly owned subsidiary of Pason Systems Inc., a publicly traded entity in Canada with a market cap of $1.07 Billion (CA$). Through nine (9) months ending 10/31/24, Pason had generated over $100mm (CA$) in net income on over $300mm (CA$) in revenue.

FOR SALE DETAILS

PRICE

$1,427,027 USD

PRICE/SF

$211 USD /SF

CAP RATE

9.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IOS STNL - Strong Credit Tenant!

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

6

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.65

LAND SF

158,994

ZONING

None

APN/PARCEL ID

0074310.002.0010

ASK ABOUT THIS PROPERTY

Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

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Justin DoddNRG Realty Group, LLCMore Info
214-534-7976

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