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Sport Environmental Services 502 N Big Spring St 5,703 SF Office Building Midland, TX 79701 $1,530,000 ($268.28/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Convenient Downtown Location
- Parking is accessible to building
EXECUTIVE SUMMARY
Discover an exceptional office building investment opportunity in Midland, TX. This meticulously maintained 5,703 SF property, with a single unit, presents an attractive net leased office investment with a proven track record of 100% occupancy. Built in 1975 and diligently renovated in 2013, this asset reflects timeless quality and contemporary functionality. The favorable CB 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
Building Size
5,703 SF
Building Class
A
Year Built/Renovated
1975/2013
Price
$1,530,000
Price Per SF
$268.28
Cap Rate
8%
NOI
$122,340
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,703 SF
Slab To Slab
9’
Building FAR
0.33
Lot Size
0.40 AC
Zoning
CB - Commercial Business
AMENITIES
- 24 Hour Access
- Signage
- Reception
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Sport Environmental Services
- Professional, Scientific, and Technical Services
- 5,703 SF
- $21.45
- Triple Net
- Dec 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Sport Environmental Services | Professional, Scientific, and Technical Services | 5,703 SF | $21.45 | Triple Net | Dec 2028 |
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Sport Environmental Services | 502 N Big Spring St
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