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Pedi Med Center 5801 W Wadley Ave 5,765 SF Office Building Midland, TX 79707 $1,700,000 ($294.88/SF) 7.87% Cap Rate
Investment Highlights
- Medical Office Stability – Leased to a Long-Established Pediatric Practice, Providing Essential Healthcare Services with Consistent Patient Demand
- Adjacent to Zoo Midland & “The Preserve” Mega-Development — Located in close proximity to the $100MM+ Zoo Midland project
- Recession-Resistant Use – Medical Offices, Especially Pediatric Care, Maintain Stable Occupancy and Revenue Streams Through Varying Economic Cycle
- Medical-Focused Tenancy in a High-Income West Midland Corridor — Positioned along W Wadley Ave, one of Midland’s primary east-west arterials
- Prime Visibility & Access – Situated Along W Wadley Ave, a Key Commercial and Residential Corridor, With Excellent Frontage
- Proximity to Loop 250 - Loop 250’s Repositioning Strengthens its Status as One of the Region’s Primary Commercial Corridors
Executive Summary
Single Tenant Medical Opportunity | Heart of the Permian Basin’s Economic Engine
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,765 SF
Building Class
C
Year Built/Renovated
2003/2009
Price
$1,700,000
Price Per SF
$294.88
Cap Rate
7.87%
NOI
$133,790
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,765 SF
Building FAR
0.23
Lot Size
0.57 AC
Parking
19 Spaces (3.3 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R000185-335 | Improvements Assessment | $1,092,230 |
| Land Assessment | $85,610 | Total Assessment | $1,177,840 |
Property Taxes
Parcel Number
R000185-335
Land Assessment
$85,610
Improvements Assessment
$1,092,230
Total Assessment
$1,177,840
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Pedi Med Center | 5801 W Wadley Ave
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