Strike Operating Company 5704 N County Road 1284 23,718 SF Industrial Building Midland, TX 79707 $9,344,289 CAD ($393.97 CAD/SF) 9% Cap Rate

Doherty Houston Industrial Group is pleased to exclusively offer this single-tenant industrial property leased to Strike Operating Company LLC located in Midland, Texas. The subject property is a 23,718-square-foot facility sitting on 12.63 acres, located off North State Highway 349 on West Count Road 1284. There are over six years remaining on a triple-net (NNN) lease with three percent annual increases. There are no renewal options. Strike Operating Company safely and reliably delivers specialized asset maintenance, construction, and contracting services that are business-critical to the energy, chemical, manufacturing, and industrial sectors. This property is a brand-new, build-to-suit, with construction completed in 2024. The property features metal construction with seven drive-in doors measuring 16 feet by 16 feet, which are electrically operated. There is 9,655 square feet of office space, 12,188 square feet of warehouse space, and a 1,875-square-foot wash bay.
Midland is a city in western Texas and the seat of Midland County with small portions extending into Martin County. The population was 132,524 as of the 2020 census. Located in the Permian Basin in West Texas, Midland is a major center for American oil and natural gas production. Midland’s economy has long been focused on petroleum exploration and extraction.
The Permian Basin is an oil-and-gas-producing area located in West Texas and the adjoining area of southeastern New Mexico. The Permian Basin covers an area approximately 250 miles wide and 300 miles long and is composed of more than 7,000 fields in West Texas.