Single-Tenant Industrial
Park City Drilling
3811 S County Rd 1235, Midland, TX 79706
Listing Price: $3,436,000
Cap Rate
9.00%
Lot Size
3.00 acres
Year Built
2019
Rentable SF
15,221
Investment Overview
15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres in Midland, TX
Investment Highlights
- STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations)
- 15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres
- 3 Years Remaining on Base Term | One, 5-Yr Option Period
- 3% Annual Rent Increases Throughout Base & Option Periods | 9.27% Blended Cap Rate Over the Base Term, 10.00% Blended Cap Rate Over Total Term
- NNN Lease with Minimal Landlord Responsibilities
- 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
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $3,436,000
Cap Rate
9.00%
Lot Size
3.00 acres
Year Built
2019
Rentable SF
15,221
Investment Highlights
- STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations)
- 15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres
- 3 Years Remaining on Base Term | One, 5-Yr Option Period
- 3% Annual Rent Increases Throughout Base & Option Periods | 9.27% Blended Cap Rate Over the Base Term, 10.00% Blended Cap Rate Over Total Term
- NNN Lease with Minimal Landlord Responsibilities
- 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
Investment Overview
15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres in Midland, TX
Exclusively Listed By
Broker of Record
Financing By

