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9.00% Cap Rate Permian Investment Opportunity 3015 W County Road 135 8,750 SF Industrial Building Midland, TX 79706 $1,750,000 ($200/SF) 9% Cap Rate
Investment Highlights
- NOI: $157,500 | Cap Rate: 9.00%
- 1,250 SF Covered Wash-Bay
- Tenant: NovAmaxa
Executive Summary
NRG Realty Group has been selected to exclusively market 3015 WCR 135, a stabilized industrial investment opportunity in Midland, Texas. The 8,750 SF facility was newly constructed in 2025 and sits on 3.07 Acres just south of I-20, offering a functional industrial configuration well suited to Permian Basin operations.
The property is 100% leased to NovAmaxa Services LLC, a specialized engineering and manufacturing company focused on custom vehicle builds and custom cable solutions. NovAmaxa’s Midland facility serves as its primary service center and supports the company’s growing operations.
The NNN lease commenced March 1, 2026 and extends through February 28, 2031, with $500 annual monthly rent escalations and no renewal options. The offering is priced at $1,750,000, reflecting a 9.00% cap rate on current annual NOI of $157,500. This offering provides investors the opportunity to acquire a newer, fully leased industrial asset with a strong in-place yield, established tenant, and long-term presence in the Permian Basin.
This 8,750 SF industrial facility sits on 3.07 acres and is ideally positioned just south of Interstate 20 in Midland, TX. Designed for functionality and efficiency, the improvements include 1,500 SF of modern office space featuring 4 private offices, a reception area, conference room, break room, two restrooms, and a shower. The 6,500 SF shop has a 22’ ceiling height and is built crane-ready with structural support for up to a 5-ton crane. Other shop amenities include (7) 14’x16’ overhead doors forming 3 drive-through bays plus an additional drive-in bay accessed from the covered wash-bay. The 1,250 SF covered wash-bay drains into (2) 1,500-gallon underground poly tanks. The property is fully fenced and secured with two 20’ rolling gates and is accessed via a private, low-traffic road that has been recently improved with asphalt millings. Additional improvements include 3-phase electrical service, a private water well, and an on-site septic system. This facility offers a rare combination of new construction, acreage, and security in the Midland market.
The property is 100% leased to NovAmaxa Services LLC, a specialized engineering and manufacturing company focused on custom vehicle builds and custom cable solutions. NovAmaxa’s Midland facility serves as its primary service center and supports the company’s growing operations.
The NNN lease commenced March 1, 2026 and extends through February 28, 2031, with $500 annual monthly rent escalations and no renewal options. The offering is priced at $1,750,000, reflecting a 9.00% cap rate on current annual NOI of $157,500. This offering provides investors the opportunity to acquire a newer, fully leased industrial asset with a strong in-place yield, established tenant, and long-term presence in the Permian Basin.
This 8,750 SF industrial facility sits on 3.07 acres and is ideally positioned just south of Interstate 20 in Midland, TX. Designed for functionality and efficiency, the improvements include 1,500 SF of modern office space featuring 4 private offices, a reception area, conference room, break room, two restrooms, and a shower. The 6,500 SF shop has a 22’ ceiling height and is built crane-ready with structural support for up to a 5-ton crane. Other shop amenities include (7) 14’x16’ overhead doors forming 3 drive-through bays plus an additional drive-in bay accessed from the covered wash-bay. The 1,250 SF covered wash-bay drains into (2) 1,500-gallon underground poly tanks. The property is fully fenced and secured with two 20’ rolling gates and is accessed via a private, low-traffic road that has been recently improved with asphalt millings. Additional improvements include 3-phase electrical service, a private water well, and an on-site septic system. This facility offers a rare combination of new construction, acreage, and security in the Midland market.
Property Facts
| Price | $1,750,000 | Rentable Building Area | 8,750 SF |
| Price Per SF | $200 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2025 |
| Cap Rate | 9% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 7 |
| Lot Size | 3.07 AC | ||
| Zoning | County, None - Outside City Limits | ||
| Price | $1,750,000 |
| Price Per SF | $200 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.07 AC |
| Rentable Building Area | 8,750 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Tenancy | Single |
| Parking Ratio | 1.49/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | County, None - Outside City Limits |
Amenities
- Yard
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R000226838 | Improvements Assessment | $0 |
| Land Assessment | $61,400 | Total Assessment | $61,400 |
Property Taxes
Parcel Number
R000226838
Land Assessment
$61,400
Improvements Assessment
$0
Total Assessment
$61,400
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