5.3 Acres in Midland, TX - $2,100,000
Perfect Investment in The Flourishing Permian Basin, Located On I-20 Under 3 Miles West of Midland/Odessa, On 5.001 Surveyed Acres, 9 Months in (2) Joint Tenant 5 year Leases w/ (2) 36 month Extensions w/ 2% Increase Bumps Each Exercised Renewal. $15,650 a Month or $187,800 Annual NNN Leases were Signed in Nov. 2021 goes thru Nov 2026, Original Office (1982) 2200 sqft & 6000 sqft of Shop, In (2005) 15,100 sqft of Additional Office Shop Added in NW/4 Another Addition Came in (2013) 7250 sqft Shop/Office 1800 sqft of OverHangs/Awnings. NNN Est $688 & $900. Tenants a Great & Available after NDA/CA Signed. Owners Have Done Many Renovations & Upgrades : (2) HVAC's Installed in Feb 2022, 10,000 sqft of Asphalt laid, New Septic & Leech Field, Expanded Useable Space in Office, & Reworked Roof. Coming in at 8.94% Cap or $2,100,000
Directions
Directions 1788 South to I-20 go West 1.7 miles Property is On the North or Righthand side.