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High Yield Value Add STNL 3913 Fm 715 17,500 SF Industrial Building Midland, TX 79706 $3,489,661 ($199.41/SF) 9.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 5,000 SF Office | 10 Private Offices
- Shop Office, Parts Cage, Showers, & Laundry Room
- (1) 15-ton Crane
EXECUTIVE SUMMARY
NRG Realty Group has been selected to exclusively market the Emory Industrial Services facility in Midland, TX. The property features a 17,500 SF office/warehouse with a 15-ton crane and over 12 acres of land for outside storage. The prominent location on FM 715 is less than 2 miles from I-20 and 2 miles from Hwy 158 providing convenient access to major thoroughfares. Emory specializes in dry ice blasting for a variety of industrial service clients across a vast geographic area.
This property includes a 17,500 SF building on 12.16 Acres. The 5,000 SF office contains 10 offices, a reception area, a conference room, a break room, a training room, a server room, and men's & women's restrooms. The 12,500 SF shop features (1) 15-ton crane and (6) 18' overhead doors forming 3 drive-through bays. The shop also includes a shop office, a shop restroom, parts cage, shop showers, and a laundry room.
This property includes a 17,500 SF building on 12.16 Acres. The 5,000 SF office contains 10 offices, a reception area, a conference room, a break room, a training room, a server room, and men's & women's restrooms. The 12,500 SF shop features (1) 15-ton crane and (6) 18' overhead doors forming 3 drive-through bays. The shop also includes a shop office, a shop restroom, parts cage, shop showers, and a laundry room.
PROPERTY FACTS
| Price | $3,489,661 | Lot Size | 12.16 AC |
| Price Per SF | $199.41 | Rentable Building Area | 17,500 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.85% | Year Built | 2014 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | No. Drive In / Grade-Level Doors | 8 |
| Zoning | F1 | ||
| Price | $3,489,661 |
| Price Per SF | $199.41 |
| Sale Type | Investment |
| Cap Rate | 9.85% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 12.16 AC |
| Rentable Building Area | 17,500 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 8 |
| Zoning | F1 |
AMENITIES
- Conferencing Facility
- Fenced Lot
- Yard
- Air Conditioning
UTILITIES
- Gas - Propane
- Water - Well
- Sewer - Septic Field
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | R000209-676 | Improvements Assessment | $1,442,850 |
| Land Assessment | $206,720 | Total Assessment | $1,649,570 |
PROPERTY TAXES
Parcel Number
R000209-676
Land Assessment
$206,720
Improvements Assessment
$1,442,850
Total Assessment
$1,649,570
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High Yield Value Add STNL | 3913 Fm 715
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