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2401 E County Road 155 11,200 SF Industrial Building Midland, TX 79706 $3,595,654 CAD ($321.04 CAD/SF) 9.25% Cap Rate
Investment Highlights
- Long-Term Tenant: Iron Horse Chemicals
- Tenant Rent Escalation: September 1, 2027
- Build-to-Suit Tenant | Year Built: 2023
Executive Summary
This 11,200 SF industrial property sits on a 4.00-acre caliche base yard with full perimeter fencing and two gated entrances, providing ample yard space for operations and equipment. The site is equipped with 3-Phase 480V power, fiber internet, a water well, and septic system. The building features (8) overhead doors with (4) drive-through bays, mezzanine storage in the shop, and a covered wash bay with a sump system. Office improvements include (4) offices, a conference room, a built-out lab room, kitchenette, (2) restrooms, and additional storage space.
Located in an industrial development off FM 715, approximately 4 miles south of Interstate 20 and less than 3 miles from Garden City Highway. The site sits on a private county road that is scheduled to be paved by the end of the year.
Located in an industrial development off FM 715, approximately 4 miles south of Interstate 20 and less than 3 miles from Garden City Highway. The site sits on a private county road that is scheduled to be paved by the end of the year.
Property Facts
| Price | $3,595,654 CAD | Lot Size | 4.00 AC |
| Price Per SF | $321.04 CAD | Rentable Building Area | 11,200 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.25% | Year Built | 2023 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service | No. Dock-High Doors/Loading | 4 |
| Building Class | B |
| Price | $3,595,654 CAD |
| Price Per SF | $321.04 CAD |
| Sale Type | Investment |
| Cap Rate | 9.25% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 4.00 AC |
| Rentable Building Area | 11,200 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 4 |
Amenities
- Bio-Tech/ Lab Space
- Fenced Lot
- Mezzanine
- Reception
- Storage Space
- Air Conditioning
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Property Taxes
| Parcel Number | R000003-777 | Improvements Assessment | $1,350,731 CAD |
| Land Assessment | $160,347 CAD | Total Assessment | $1,511,078 CAD |
Property Taxes
Parcel Number
R000003-777
Land Assessment
$160,347 CAD
Improvements Assessment
$1,350,731 CAD
Total Assessment
$1,511,078 CAD
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2401 E County Road 155
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