$3,950,000

2105 E County Rd 130

Midland TX, 79706

Description

Prime permian basin real estate investment. The property has a total of 8.81 acres with 4 commercial that were built and leased in the spring of 2019. All 4 buildings are leased independently of each other with separate lease agreements. There is two 5 year leases, one 4 year lease, and one 3 year lease. Collectively they generate an NOI of $474,000/year and are available at a 12% cap rate.

Details

MLS50027713
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2019
Days On Site31

Features

SQ Feet20,000
Story(s)1
ZoningN/A

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Area Information

StateTX
CountyMidland
CityMidland
Zip Code79706
AreaMS3
Listing VS Median (in 79706)
Price:
$3,950,000
low | high
Med:
$369,000
100% of Average
SqFt:
20,000
low | high
Med:
2,600
100% of Average
$ / SqFt:
$198
low | high
Med:
$142
78.140214216164% of Average
On Site:
31
low | high
Med:
38
81.578947368421% of Average
Listing Updated: 02/21/2020
MLS Number: 50027713
Listing Provided By:
Lance White  of  The Real Estate Ranch LLC

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