1514 South County Road 1309

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1514 South County Road 1309

Midland, TX 79707
Asking Price
$11.00M
Cap Rate
9.52%
Asset Type
Warehouse Industrial
Class
Class B

What's Special

Regional HQ - Long Term STNL - Credit Tenant <p>Multi-Building Industrial Service Facility</p><p>Long-Term Lease With 62 Months Remaining & (2) Renewal Options</p><p>Triple-Net Lease With Minimal Landlord Responsibilities</p><p>Strategic Location between Midland & Odessa, TX</p><p>Occupied by Drilling Tools International – a leading provider of downhole tools to the land and offshore drilling markets</p><p>52,246 SF total on 10.99 Acres</p><p>Built in 2012, 2013, & 2016</p><p>10% Office Space</p><p>29.7’ to 31.8’ Eave Heights</p><p>Multipl

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NOI
$80,000
Cap Rate
0.73%
DSCR
0.12
Underwater
Cash-on-Cash
-17.37%
Monthly Payment
$54,414.547
Annual Cash Flow
$-572,974.568

Location & Travel Times