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Midland Industrial Warehouse 2703 W Industrial Ave 204,337 SF 92% Leased Industrial Building Midland, TX 79701 For Sale
Investment Highlights
- Value Add Opportunity
- Quality Construction
- Strategic Location
- Below Replacement Cost
- Functional Design
- Tenant Demand
Executive Summary
The property features a functional shallow-bay industrial layout with flexible unit sizes designed to accommodate a wide range of tenants, including light manufacturing, service-based businesses, and oilfield support users. With dock-high loading, practical clear heights, and 24/7 access,the asset offers the operational functionality tenants seek in today’s small- to mid-bay industrial market. The diversified tenant mix supports durable cash flow while limiting exposure to any single occupant.
In-place rents at the property remain well below current market levels, presenting a clear and immediate opportunity to capture upside through mark-to-market leasing as space turns. Additionally, the asset offers value-add potential through targeted capital improvements, enhanced exterior presentation, and operational efficiencies that can further support rent growth and long-term performance.
Offered well below replacement cost, the property provides investors a rare opportunity to acquire functional industrial product at a significant discount compared to the cost of new construction. This pricing advantage is further amplified when compared to the rapidly rising values seen across Texas’s high-demand flex and small-bay industrial markets, where new development costs continue to push rents higher.
Proximity to major thoroughfares and key industrial corridors enhances accessibility for tenants and service providers alike, reinforcing the property’s competitive positioning within the submarket.
Property Facts
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1982 |
| Property Subtype | Warehouse | Parking Ratio | 0.1/1,000 SF |
| Building Class | C | Clear Ceiling Height | 14’ |
| Lot Size | 6.79 AC | No. Dock-High Doors/Loading | 39 |
| Rentable Building Area | 204,337 SF | No. Drive In / Grade-Level Doors | 10 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 6.79 AC |
| Rentable Building Area | 204,337 SF |
| No. Stories | 1 |
| Year Built | 1982 |
| Parking Ratio | 0.1/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 39 |
| No. Drive In / Grade-Level Doors | 10 |
Amenities
- 24 Hour Access
- Fenced Lot
- Security System
Utilities
- Lighting
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Fl - 23
- 4,500 SF
- Industrial
- -
- Now
Available industrial and flex suites range from approximately 1,800 to 4,500 square feet and are move-in ready with flexible lease terms. Spaces feature functional warehouse layouts, dock-high loading, approximately 14-foot clear heights, 220V power, and 24/7 access. The fenced and secured property offers on-site parking and efficient access for deliveries, making it well suited for oilfield service companies, contractors, light manufacturing, warehousing, and storage users seeking affordable, centrally located industrial space in Midland.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 23 | 4,500 SF | Industrial | - | Now |
| 1st Fl - 38 | 4,500-11,668 SF | Industrial | - | Now |
1st Fl - 23
| Size |
| 4,500 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 38
| Size |
| 4,500-11,668 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Now |
1st Fl - 38
| Size | 4,500-11,668 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Now |
Available industrial and flex suites range from approximately 1,800 to 4,500 square feet and are move-in ready with flexible lease terms. Spaces feature functional warehouse layouts, dock-high loading, approximately 14-foot clear heights, 220V power, and 24/7 access. The fenced and secured property offers on-site parking and efficient access for deliveries, making it well suited for oilfield service companies, contractors, light manufacturing, warehousing, and storage users seeking affordable, centrally located industrial space in Midland.
Property Taxes
| Parcel Number | R000044-489 | Improvements Assessment | $1,110,520 |
| Land Assessment | $147,890 | Total Assessment | $1,258,410 |
Property Taxes
Presented by
Midland Industrial Warehouse | 2703 W Industrial Ave
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