308 East Louisiana Avenue

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308 East Louisiana Avenue

Midland, TX 79701
Asking Price
$1.27M
Asset Type
Flex Retail
Class
Class B

What's Special

Located in prime area in downtown Midland <p><span style="color: rgba(33, 37, 41, 1)">Will owner finance with 40% down @ 7.5% interest, 3 yr balloon , 15 yr amortization. Located in prime area in downtown Midland, Fully fenced with 6 overhead bay doors, large 3200Sqft. office area with kitchenette and room for multiple offices. 4000 Sqft, heated shop with an additional 3200 Sqft secure storage space on an acre. Perfect spot for small business owner/operator.</span></p>

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NOI
$80,000
Cap Rate
6.27%
DSCR
1.06
Tight
Cash-on-Cash
1.13%
Monthly Payment
$6,308.004
Annual Cash Flow
$4,303.948

Location & Travel Times