11002 W CR 77
Midland, TX 79707
High Yield NNN Investment · Industrial Property For Sale

NRG Realty Group, LLC has been retained exclusively to market this single tenant, NNN lease investment located in the Permian Basin. The facility is leased to Flocap Injection Services, LLC, which provides products and services for oil production and water treatment including coil tubing, production and frac chemicals, and capillary services. This 12,760 SF facility on 3.0 acres serves as Flocap's operational headquarters and houses administration, operations, and provides for maintenance & storage of equipment and products. Flocap opened for business in 2014 and is led by energy veterans with a combined 75 years of experience. In the summer of 2017, Flocap received an equity injection from Hastings Equity Partners which highlighted the company's "incredible ability to grow despite the industry downturn". Hastings investment in Flocap marked the sixth investment for Hastings Equity Fund III, L.P. in oilfield specialty chemicals. Flocap's business since the investment has shown exponential growth which is expected to continue with the increased activity in the Permian Basin. IMPROVEMENTS OVERVIEW The improvements consist of three (3) separate pre-engineered metal buildings on +/- 3 acres of land. The site is secured with a 6' chain link fence with one main entrance. The property is located in the county with no zoning or restrictions and serviced by a water well, septic system, fiber optic cable, and propane and is outside of the floodplain. Building 1 totals 6,060 square feet comprised of 3,560 SF of two-story office (private offices, conference room, break room, men's and women's restrooms) and 2,500 SF of shop space with (2) 14'x'14 overhead doors. Buildings 1 services administration, sales, and operations personnel along with final equipment inspections. Building 2 totals 2,500 SF (50'x50') with two (2) 14'x14' overhead doors, 22' clear height, with one interior office. This facility is for maintenance of Flocap's equipment. Building 3 is a 4,200 SF canopy structure serviced with electric that provides for equipment maintenance and production chemical storage. LOCATION OVERVIEW This facility is located in the Entrada Estates Industrial Park, which is situated just north of Highway 191 and on the east side of FM 1788. The park opened in 2013, and many premier OFS companies have built brand new facilities. The location offers convenient access to both Midland and Odessa business districts, the Midland International Airport, and three main arterial roads (FM 1788, Hwy 191, and I-20) that lead to the drilling activity, customers, and suppliers. The Property also benefits from excellent visibility from Hwy 191.