Shop / Warehouse Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30351192
Property Subtypes: Warehouse/Distribution, Other
Building Size (RSF): 21,908 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $1,262,000
Unit Price: $57.60 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.07%
Average Occupancy Rate: 91
Last Updated: 4/8/2019

Overview / Comments

91% Occupied investment property available with little management required.

13 Units & Office / Living Quarters
Newer Construction
All Fenced - Electric Gate
Common Area Restrooms

Additional Details

Nearest MSA: Midland
County: Midland
Tax ID/APN: 039200093420
Airports: I-20
Site Description: Property is located just 1/2 a mile south of I-20 on County Road 114. Surrounded by other warehouse / shop related businesses.
Tenancy: Multiple Tenants
Number of Stories: 1
Year Built: 2014
Construction/Siding: Aluminum Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,682 49,332 97,261
Median Age: 31.99 30.81 33.4
Households: 853 16,851 35,559


Photograph of Listing Agent

Kay Ward, CCIM

WestMark Commercial West Texas CIE Member
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