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- LoopNet Team
11601 Tower Rd
Midland, TX 79707
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Income producing asset
- Shop and office space with numerous space amenities
- Located in the economic hub of Permian oil and gas activity
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 2016 |
| Building Class | A | Tenancy | Single |
| Lot Size | 7.99 AC | Clear Ceiling Height | 40’ |
| Rentable Building Area | 21,100 SF | ||
| Zoning | County | ||
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 7.99 AC |
| Rentable Building Area | 21,100 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Tenancy | Single |
| Clear Ceiling Height | 40’ |
| Zoning | County |
ABOUT 11601 TOWER RD , MIDLAND, TX 79707
INVESTMENT SALE: $3,744,000 | 10% CAP RATE 21,100 +/- SF industrial building situated on 8.027 +/- AC 17,500 +/- SF of warehouse space: (3) Garages; (1) Paint booth; (1) Panel assembly; (1) Storage room; (1) Mechanical room; (7) 14' Roll-up doors; (2) 10' Internal roll-up doors; (1) 10-ton crane; (8) Private offices; (1) Break room; (3) Restrooms 3,600 +/- SF of office space: (10) Private offices; (1) Reception area; (1) Conference room; (1) Work room; (1) Break room; (1) Storage room; (2) Restrooms (3) Canopies on site not included in the SF totals; (2) 1,200 +/- SF and (1) 600 +/- SF Parking: Covered and uncovered Parcel ID: R000215358 Zoned: Light Industrial Year Built: 2016 Located just off of Highway 191 in Midland with close proximity to Odessa, two of the Permian's most active markets
PROPERTY TAXES
| Parcel Number | R000215358 | Improvements Assessment | $1,302,642 |
| Land Assessment | $200,680 | Total Assessment | $1,503,322 |
PROPERTY TAXES
