Single-Tenant Industrial
Park City Drilling Technologies
3811 S County Rd 1235, Midland, TX 79706
Listing Price: $3,640,000
Investment Overview
Property is 15,221 Rentable SF, Features Include: 3-Phase/Heavy Power, 22’ Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks, Strategically Located within a New Industrial Park with Immediate Access to Interstate 20 and Loop 250 in Midland, TX.
Park City Drilling Technologies
Investment Highlights
- 15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres | 2,350 SF of Office Space | Private Offices, Conference Room, Dispatch Area | (3) 5-Ton Overhead Bridge Crane
- Property Features Include: 3-Phase/Heavy Power, 22' Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks
- Strategically Located within a New Industrial Park with Immediate Access to Interstate 20 and Loop 250
- STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations)
- 3.75 Years Remaining on Base Term | One, 5-Yr Option Period | 3% Annual Rent Increases Throughout Base & Option Periods | 8.52% Blended Cap Rate Over the Base Term, 9.20% Blended Cap Rate Over Total Term
- NNN Lease with Minimal Landlord Responsibilities
- This Mission Critical Location Serves as Park City Drilling's Home Base for Operations in the Permian Basin
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,640,000
Investment Highlights
- 15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres | 2,350 SF of Office Space | Private Offices, Conference Room, Dispatch Area | (3) 5-Ton Overhead Bridge Crane
- Property Features Include: 3-Phase/Heavy Power, 22' Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks
- Strategically Located within a New Industrial Park with Immediate Access to Interstate 20 and Loop 250
- STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations)
- 3.75 Years Remaining on Base Term | One, 5-Yr Option Period | 3% Annual Rent Increases Throughout Base & Option Periods | 8.52% Blended Cap Rate Over the Base Term, 9.20% Blended Cap Rate Over Total Term
- NNN Lease with Minimal Landlord Responsibilities
- This Mission Critical Location Serves as Park City Drilling's Home Base for Operations in the Permian Basin
Investment Overview
Property is 15,221 Rentable SF, Features Include: 3-Phase/Heavy Power, 22’ Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks, Strategically Located within a New Industrial Park with Immediate Access to Interstate 20 and Loop 250 in Midland, TX.
Exclusively Listed By
Broker of Record
Financing By
