2810 W Texas 250 Loop Frontage Rd | Midland, TX 79705
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- LoopNet Team
2810 W Texas 250 Loop Frontage Rd
Midland, TX 79705
The Commons at North Park · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupied with impressive 9.3 Year Average Tenure; 17 of 26 tenants are original to the development
- 4.81% 10-YR CAGR
- Ability to lower basis via sell down of single and multi-tenant pad buildings
- Significant upside via 19% below market rents
- Excellent visibility with frontage along Loop 250 seeing 58,152 VPD
PROPERTY FACTS
Property Type
Retail
Building Size
110,137 SF
Building Class
C
Year Built
2012
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
10.74 AC
Parking
190 Spaces (1.73 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | R000211-793 | Improvements Assessment | $3,155,424 |
| Land Assessment | $489,180 | Total Assessment | $3,644,604 |
PROPERTY TAXES
Parcel Number
R000211-793
Land Assessment
$489,180
Improvements Assessment
$3,155,424
Total Assessment
$3,644,604
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