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TBD South County Road 1232 TBD South County Road 1232 11,500 SF 100% Leased Industrial Building Midland, TX 79706 $2,620,000 ($227.83/SF) 9.25% Cap Rate
Investment Highlights
- 9.25% Cap Rate
- Prime Permian Location
- 11,500 SF on 4.45 Acres
Executive Summary
Prime single-tenant NNN investment in Midland, TX, delivering a strong 9.25% cap rate backed by a nationally recognized industrial safety tenant. This newly built Class A 11,500 SF facility on 4.45 acres features modern office space, a large wash-bay, 6 bays with 14’ x 16’ OH doors, and a crane-ready design. Strategically positioned in the heart of the Permian Basin, the site offers exceptional connectivity and long-term stability in one of the most active energy corridors in the U.S.
9.25% Cap Rate with $241,500 NOI
5-year NNN lease beginning Feb 1, 2026
Strong long-term stability in a premier energy market
11,500 SF total | 4,000 SF office
6 bays, 14’ × 16’ OH doors
Crane-ready construction
1,500 SF wash-bay
25’ eave height
Situated on 4.45 acres with ample laydown space
Newly constructed Class A facility (2025)
9.25% Cap Rate with $241,500 NOI
5-year NNN lease beginning Feb 1, 2026
Strong long-term stability in a premier energy market
11,500 SF total | 4,000 SF office
6 bays, 14’ × 16’ OH doors
Crane-ready construction
1,500 SF wash-bay
25’ eave height
Situated on 4.45 acres with ample laydown space
Newly constructed Class A facility (2025)
Property Facts
| Price | $2,620,000 | Building Class | B |
| Price Per SF | $227.83 | Lot Size | 4.45 AC |
| Sale Type | Investment NNN | Rentable Building Area | 11,500 SF |
| Cap Rate | 9.25% | No. Stories | 2 |
| Property Type | Industrial | Year Built | 2025 |
| Property Subtype | Warehouse | Clear Ceiling Height | 25’ |
| Price | $2,620,000 |
| Price Per SF | $227.83 |
| Sale Type | Investment NNN |
| Cap Rate | 9.25% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 4.45 AC |
| Rentable Building Area | 11,500 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Clear Ceiling Height | 25’ |
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Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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TBD South County Road 1232 | TBD South County Road 1232
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