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11308 W. County Rd 61 11308 W County Road 61 12,800 SF 100% Leased Industrial Building Midland, TX 79707 $3,250,000 ($253.91/SF)
INVESTMENT HIGHLIGHTS
- Investment + BTS Opportunity
- Water Wells
- 25.33 Acres
EXECUTIVE SUMMARY
This 25.33-acre industrial property includes a 12,800 SqFt existing building, multiple water wells, and 8 RV hookups. The seller is seeking an investor to purchase the site and partner on an 8,000 SF Build-to-Suit expansion, which will be leased back under a long-term agreement.
Sales Price: $3,250,000
Initial Lease-Back (Current Building): $15,000/Month
Initial Lease-Back Term: 6 Months +/-
BTS Lease-Back: $13,000/Month
BTS SqFt: 8,000 SqFt
Lease-Back Rate: $19.50/SF/YR
BTS Lease-Back Term: 5 Years
Sales Price: $3,250,000
Initial Lease-Back (Current Building): $15,000/Month
Initial Lease-Back Term: 6 Months +/-
BTS Lease-Back: $13,000/Month
BTS SqFt: 8,000 SqFt
Lease-Back Rate: $19.50/SF/YR
BTS Lease-Back Term: 5 Years
PROPERTY FACTS
| Price | $3,250,000 | Lot Size | 56.51 AC |
| Price Per SF | $253.91 | Rentable Building Area | 12,800 SF |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Build to Suit | Year Built | 2014 |
| Property Type | Industrial | No. Drive In / Grade-Level Doors | 11 |
| Price | $3,250,000 |
| Price Per SF | $253.91 |
| Sale Type | Investment |
| Sale Condition | Build to Suit |
| Property Type | Industrial |
| Lot Size | 56.51 AC |
| Rentable Building Area | 12,800 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| No. Drive In / Grade-Level Doors | 11 |
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PROPERTY TAXES
| Parcel Number | R000226794 | Improvements Assessment | $1,280,480 |
| Land Assessment | $483,000 | Total Assessment | $1,763,480 |
PROPERTY TAXES
Parcel Number
R000226794
Land Assessment
$483,000
Improvements Assessment
$1,280,480
Total Assessment
$1,763,480
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11308 W. County Rd 61 | 11308 W County Road 61
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