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9% Cap Rate - Industrial Outdoor Storage 5100 FM 715 13,500 SF Industrial Building Midland, TX 79706 $2,666,667 ($197.53/SF) 9% Cap Rate
Investment Highlights
- 7 Year NNN Lease
- Stable Growing International Tenant
- 2nd Story Living Quarters & House on Site
- 9% Cap Rate
- 13,500 SF on 4.23 Acres
- 3-Phase Power, 10-ton Crane, Wash-Bay
Executive Summary
NRG Realty Group has been selected to exclusively market this exceptional industrial investment opportunity in Midland, Texas. The property is fully leased to ASL Group US Co., a heavy-duty repair and fleet maintenance company expanding into the U.S. market with strong roots in the industry. Backed by its affiliation with Aftermarket Solutions, a well-established Canadian firm, ASL brings over two decades of hands-on experience and a proven reputation for quality, reliability, and performance.
Secured under a 7-year Triple Net lease, this investment offers a 9% cap rate and a first-year NOI of $240,000, providing immediate, stable cash flow from a growing international operator.
The 13,500 SF facility, built in 2019, sits on 4.23 fenced and secured acres and features a 7,125 SF shop with a 10-ton crane, 2,250 SF of office space, 1,875 SF wash-bay, and 2,250 SF of second-floor living quarters. With its modern design, versatile layout, and quality tenancy, this property represents a rare opportunity to acquire a turnkey industrial asset positioned for long-term success.
Secured under a 7-year Triple Net lease, this investment offers a 9% cap rate and a first-year NOI of $240,000, providing immediate, stable cash flow from a growing international operator.
The 13,500 SF facility, built in 2019, sits on 4.23 fenced and secured acres and features a 7,125 SF shop with a 10-ton crane, 2,250 SF of office space, 1,875 SF wash-bay, and 2,250 SF of second-floor living quarters. With its modern design, versatile layout, and quality tenancy, this property represents a rare opportunity to acquire a turnkey industrial asset positioned for long-term success.
Property Facts
| Price | $2,666,667 | Rentable Building Area | 13,500 SF |
| Price Per SF | $197.53 | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 1977/2019 |
| Cap Rate | 9% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.3/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 22’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 7 |
| Lot Size | 4.23 AC | ||
| Zoning | None | ||
| Price | $2,666,667 |
| Price Per SF | $197.53 |
| Sale Type | Investment |
| Cap Rate | 9% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.23 AC |
| Rentable Building Area | 13,500 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1977/2019 |
| Tenancy | Single |
| Parking Ratio | 0.3/1,000 SF |
| Clear Ceiling Height | 22’ |
| No. Drive In / Grade-Level Doors | 7 |
| Zoning | None |
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Property Taxes
| Parcel Number | R000006-331 | Improvements Assessment | $212,540 |
| Land Assessment | $80,100 | Total Assessment | $292,640 |
Property Taxes
Parcel Number
R000006-331
Land Assessment
$80,100
Improvements Assessment
$212,540
Total Assessment
$292,640
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9% Cap Rate - Industrial Outdoor Storage | 5100 FM 715
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