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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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Single-Tenant Industrial

Park City Drilling

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

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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