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3403 Andrews Hwy 3,579 SF Office Building Midland, TX 79703 $899,000 ($251.19/SF) 7.94% Cap Rate
INVESTMENT HIGHLIGHTS
- Net Leased Medical Office Investment
- Built 2011 and Renovated 2024
- 100% Single Occupancy
EXECUTIVE SUMMARY
Discover an exceptional office building investment opportunity in Midland, TX. This meticulously maintained 3,579 SF property, with a single unit, presents an attractive net leased office investment with a proven track record of 100% occupancy. Built in 2011 and diligently renovated in 2024, this asset reflects timeless quality and contemporary functionality. The favorable PD zoning and strategically advantageous Midland location further enhance the property's investment potential. Don't miss your chance to add this
secure, income-producing asset to your portfolio in the thriving Midland area.
secure, income-producing asset to your portfolio in the thriving Midland area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
3,579 SF
Building Class
A
Year Built/Renovated
2011/2024
Price
$899,000
Price Per SF
$251.19
Cap Rate
7.94%
NOI
$71,400
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,579 SF
Building FAR
0.08
Lot Size
1.03 AC
Zoning
PDOC - Planned District Office
AMENITIES
- 24 Hour Access
- Monument Signage
- Air Conditioning
1 1
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | R000028-253 | Improvements Assessment | $646,720 |
| Land Assessment | $29,660 | Total Assessment | $676,380 |
PROPERTY TAXES
Parcel Number
R000028-253
Land Assessment
$29,660
Improvements Assessment
$646,720
Total Assessment
$676,380
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3403 Andrews Hwy
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