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3800 S County Road 1232 55,472 SF Industrial Building Midland, TX 79706 $21,794,500 CAD ($392.89 CAD/SF) 8.50% Cap Rate



EXECUTIVE SUMMARY
• STRONG NATIONAL TENANT WITH GLOBAL BACKING – Oil Patch Group, Inc, is a long-standing provider of specialty rental equipment and field services for the U.S. oil and gas industry. The company operates under the brand Centurion US Rentals & Services, which represents the U.S. division of Centurion Group, a global leader in critical rental, infrastructure, and services across energy, industrial, and infrastructure markets with 89 facilities across 11 countries and over 2,400 employees.
• STRATEGIC PERMIAN BASIN LOCATION – The subject property is strategically located just off Interstate-20 (I-20), a major east-west interstate connecting from Interstate 10 (I-10) in Midland/Odessa to key energy and industrial markets such as Dallas, Atlanta, and beyond, as well as lies just ±4 miles from Midland International Airport - offering direct access to the broader Permian Basin. As the epicenter of America’s most productive oil formation, Midland/Odessa serves as a vital hub for oilfield operations, providing unmatched access to drilling activity, skilled labor, and energy infrastructure. Additionally, the South County Road 1232 corridor is experiencing a surge in new industrial development and absorption due to significant infrastructure investment, including Loop 250 extensions and upgraded intersections.
• NEW CONSTRUCTION / FUNCTIONAL IOS – This newly developed site comprises of ±55,472 SF across four (4) warehouses on a huge ±33.375 AC lot (4% Building/Lot Coverage) allowing for abundant yard space for open storage and operating heavy infrastructure & fleet-based logistics - a critical advantage for infrastructure service providers operating in the Permian Basin. With three (3) cranes and Twenty-Eight (28) grade level doors, this is a mission-critical facility designed to support high-throughput industrial operations, equipment staging, and 24/7 field service mobilization.
• INCOME TAX FREE STATE – Texas benefits from no state income tax offering significant financial advantages for businesses and investors, enhancing profitability and making it an attractive location for long-term growth and investment.
• STRATEGIC PERMIAN BASIN LOCATION – The subject property is strategically located just off Interstate-20 (I-20), a major east-west interstate connecting from Interstate 10 (I-10) in Midland/Odessa to key energy and industrial markets such as Dallas, Atlanta, and beyond, as well as lies just ±4 miles from Midland International Airport - offering direct access to the broader Permian Basin. As the epicenter of America’s most productive oil formation, Midland/Odessa serves as a vital hub for oilfield operations, providing unmatched access to drilling activity, skilled labor, and energy infrastructure. Additionally, the South County Road 1232 corridor is experiencing a surge in new industrial development and absorption due to significant infrastructure investment, including Loop 250 extensions and upgraded intersections.
• NEW CONSTRUCTION / FUNCTIONAL IOS – This newly developed site comprises of ±55,472 SF across four (4) warehouses on a huge ±33.375 AC lot (4% Building/Lot Coverage) allowing for abundant yard space for open storage and operating heavy infrastructure & fleet-based logistics - a critical advantage for infrastructure service providers operating in the Permian Basin. With three (3) cranes and Twenty-Eight (28) grade level doors, this is a mission-critical facility designed to support high-throughput industrial operations, equipment staging, and 24/7 field service mobilization.
• INCOME TAX FREE STATE – Texas benefits from no state income tax offering significant financial advantages for businesses and investors, enhancing profitability and making it an attractive location for long-term growth and investment.
PROPERTY FACTS
| Price | $21,794,500 CAD | Rentable Building Area | 55,472 SF |
| Price Per SF | $392.89 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built/Renovated | 2020/2024 |
| Cap Rate | 8.50% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 22’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 28 |
| Building Class | B | No. Drive In / Grade-Level Doors | 8 |
| Lot Size | 33.38 AC |
| Price | $21,794,500 CAD |
| Price Per SF | $392.89 CAD |
| Sale Type | Investment |
| Cap Rate | 8.50% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 33.38 AC |
| Rentable Building Area | 55,472 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2020/2024 |
| Tenancy | Single |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 28 |
| No. Drive In / Grade-Level Doors | 8 |
AMENITIES
- Fenced Lot
- Mezzanine
- Yard
UTILITIES
- Gas - Propane
- Water - Well
- Sewer - Septic Field
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 0004020.013.1070 | Improvements Assessment | $3,862,340 CAD |
| Land Assessment | $645,037 CAD | Total Assessment | $4,507,377 CAD |
PROPERTY TAXES
Parcel Number
0004020.013.1070
Land Assessment
$645,037 CAD
Improvements Assessment
$3,862,340 CAD
Total Assessment
$4,507,377 CAD
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3800 S County Road 1232
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