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3811 S County Road 1235
Midland, TX 79706
Park City Drilling - · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- 15,221 Rentable SF | Constructed in 2019 | Situated on Three Acres
- (3) 5-Ton Overhead Bridge Crane
- Strategically Located within a New Industrial Park with Immediate Access to Interstate 20 and Loop 250
- 2,350 SF of Office Space | Private Offices, Conference Room, Dispatch Area
- Property Features Include: 3-Phase/Heavy Power, 22’ Ceilings. Multiple Drive-In Bays and a Wash/Test System Plumbed to Holding Taks
- Strong Commitment to Site | Park City Drilling Signed New 10-Year Lease Extension as of 12/1/24
EXECUTIVE SUMMARY
STNL Industrial Asset Leased to Park City Drilling Technologies (One of Four Locations)
Blended 8.82% Cap Rate Over Base Term
NNN Lease with Minimal Landlord Responsibilities
Blended 8.82% Cap Rate Over Base Term
NNN Lease with Minimal Landlord Responsibilities
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 2019 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.00 AC | Clear Ceiling Height | 22’ |
| Rentable Building Area | 15,221 SF | No. Drive In / Grade-Level Doors | 3 |
| Zoning | None | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 15,221 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Tenancy | Single |
| Clear Ceiling Height | 22’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | None |
AMENITIES
- Fenced Lot
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