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Stable Tenant 8.00% Cap Rate Investment 3427 E State Highway 158 119,747 SF Industrial Building Midland, TX 79706 $7,200,000 ($60.13/SF) 8% Cap Rate
Investment Highlights
- 10-year NNN Lease Term, Stable Tenant
- ±119,747 SF on 5 acres
- $576,000 NOI | 8.00% Cap Rate
- (1) 5-ton Crane
Executive Summary
NRG Realty Group is pleased to present the opportunity to acquire the US operational headquarters for Q2 Artificial Lift Services in Midland, TX. This mission critical corporate campus serves all administrative, office, and central warehousing and service for Q2's downhole pump business in the US. The improvements consist of 5 buildings spanning 119,747 SF across 14.98 acres. Q2 has consolidated operations into the campus since acquiring the artificial lift business of Lufkin Industries in March of 2025 with the campus serving multiple functions including training, supply and inventory, as well as local fabrication and service. The pump repair shop is one of the largest in the Permian Basin. Q2 is proposing a 10-year NNN sale-leaseback transaction on the site.
Property Facts
| Price | $7,200,000 | Lot Size | 3.00 AC |
| Price Per SF | $60.13 | Rentable Building Area | 119,747 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8% | Year Built | 2003 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | B |
| Price | $7,200,000 |
| Price Per SF | $60.13 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 119,747 SF |
| No. Stories | 1 |
| Year Built | 2003 |
| Tenancy | Single |
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Stable Tenant 8.00% Cap Rate Investment | 3427 E State Highway 158
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