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1501 and 1515 E County Rd 139 2 Industrial Properties Offered at $2,931,432 CAD in Midland, TX

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INVESTMENT HIGHLIGHTS

  • Low Basis
  • 10.00% Cap Rate
  • The portfolio includes two adjacent single-tenant facilities
  • High Yield
  • 12,500 SF industrial portfolio

EXECUTIVE SUMMARY

IWI Realty is pleased to present this exclusive 12,500 SF industrial portfolio situated on ±5 acres in Midland, TX, one of the most active regions within the Permian Basin. The portfolio includes two adjacent single-tenant facilities: a 7,500 SF building leased to Bullet Production Services under a double net lease with 23 months remaining as of September 1, 2025, and a 6,500 SF building leased to Kat Energy Services under a triple net lease with approximately 9 months remaining. Both leases offer passive cash flow with limited landlord responsibilities, with the tenants collectively covering property insurance, taxes, and maintenance obligations. The assets are being offered at a low basis relative to market comparables, creating an opportunity for built-in equity, reduced downside risk, and long-term upside through rental escalations or repositioning.

PROPERTY FACTS

Price $2,931,432 CAD
Price / SF $209.39 CAD / SF
Cap Rate 10%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 14,000 SF
Total Land Area 5.23 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
1501 E CR 139, Midland, TX 79706 Industrial 7,500 SF 2019 -
1515 E. County Rd, Midland, TX 79706 Industrial 6,500 SF 2018 -
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  • Listing ID: 37130898

  • Date on Market: 2025-08-05

  • Last Updated:

  • Address: 1501 and 1515 E County Rd 139, Midland, TX

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