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Infrastructure Networks 10800 W County Road 77 10,375 SF Industrial Building Midland, TX 79707 $2,534,019 CAD ($244.24 CAD/SF) 8.92% Cap Rate
Investment Highlights
- 10,375-Square-Foot Industrial Asset Situated on 2.50 Acres
- Fully Stabilized -Ideal for Investors Seeking a Hands-Off Investment Opportunity with Strong Returns
- +/-Five Years Remaining on NNN Lease with 2% Annual Rent Escalations
- Delivered in 2018, Featuring Metal Construction, Six Overhead Doors, and a Gated Lot
- Fully Occupied by Infrastructure Networks (INET)
- Attractive Location Between Midland and Odessa, Just North of SH 191
Executive Summary
The property is a 10,375-square-foot industrial asset situated on 2.50 acres of land. It was delivered in 2018 and features metal construction, six overhead doors, and a gated lot. The property's modern design and construction make it an attractive option for businesses in the industrial sector. Its location between Midland and Odessa, just north of State Highway 191, provides easy access to major transportation routes. The property's proximity to these cities also offers a large pool of potential employees and customers. The industrial asset is well-suited for companies that require a secure and accessible location. The gated lot provides an additional layer of security for the property.
The property is fully occupied by Infrastructure Networks, a leading provider of remote communication solutions to the oil and gas industry. Infrastructure Networks has been in operation since 2011 and has over 100 oil and gas clients, making it a stable and reliable tenant. The company has a strong presence in the industry and is well-established, providing a sense of security for investors. The property's lease is structured as a triple net lease, with the tenant responsible for all expenses, making it a hands-off investment opportunity. The lease has approximately five years remaining, with annual rent escalations of 2 percent, providing a potential for long-term growth. This lease structure and the tenant's strong industry presence make the property an attractive option for investors seeking a stable and low-maintenance investment. The property's full occupancy and stable lease provide a sense of security for investors.
The property is fully occupied by Infrastructure Networks, a leading provider of remote communication solutions to the oil and gas industry. Infrastructure Networks has been in operation since 2011 and has over 100 oil and gas clients, making it a stable and reliable tenant. The company has a strong presence in the industry and is well-established, providing a sense of security for investors. The property's lease is structured as a triple net lease, with the tenant responsible for all expenses, making it a hands-off investment opportunity. The lease has approximately five years remaining, with annual rent escalations of 2 percent, providing a potential for long-term growth. This lease structure and the tenant's strong industry presence make the property an attractive option for investors seeking a stable and low-maintenance investment. The property's full occupancy and stable lease provide a sense of security for investors.
Property Facts
| Price | $2,534,019 CAD | Lot Size | 2.50 AC |
| Price Per SF | $244.24 CAD | Rentable Building Area | 10,375 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 8.92% | Year Built | 2018 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | C | ||
| Zoning | ETJ | ||
| Price | $2,534,019 CAD |
| Price Per SF | $244.24 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 8.92% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.50 AC |
| Rentable Building Area | 10,375 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | ETJ |
Amenities
- Fenced Lot
- Yard
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Infrastructure Networks | 10800 W County Road 77
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