8401 E County Road 62 7,200 SF Industrial Building Midland, TX 79706 $2,571,104 CAD ($357.10 CAD/SF) 9.25% Cap Rate

The property in question is a substantial industrial asset, boasting 7,200 square feet of space situated on a sprawling 8.14 acres of land. This expansive property features metal construction, which provides durability and versatility for a variety of industrial uses. One of the key highlights of this property is its accessibility, with six grade-level doors that facilitate easy movement of goods and equipment. The interior of the property boasts an 18-foot clear height, allowing for ample storage and operational space. Additionally, the property includes eight acres of fenced-in Industrial Outside Storage, providing a secure area for storing equipment and supplies. The property's design and layout make it an ideal location for industrial operations. Its size and features make it a rare find in the area.
The property is currently occupied by PBI International, a renowned leader in industrial and environmental solutions. PBI International serves a wide range of industries, and their presence at this location is a testament to the property's suitability for industrial operations. The property is leased on NNN terms through August 2028 at a rate of $23.75 per square foot, with an above-market escalation of 4.0 percent. This lease arrangement provides a stable source of income for the property owner. The tenant's commitment to the property through 2028 ensures a long-term occupancy, reducing the risk of vacancy and associated costs. The property's lease terms and tenant profile make it an attractive investment opportunity. The lease escalation also ensures that the property's income will keep pace with market trends.
The property's location is another significant advantage, situated along I-20 and just 9.4 miles northeast of downtown Midland. This strategic location provides easy access to major transportation routes, facilitating the movement of goods and personnel. The property's proximity to downtown Midland also offers access to a range of amenities and services. Within a 10-mile radius, there is only one other comparable property available for lease, making this property a rare and valuable find. The limited availability of similar properties in the area underscores the property's potential for long-term appreciation in value. The combination of its location, lease terms, and tenant profile make this property a compelling investment opportunity for those looking to expand their industrial real estate portfolio. The property's unique features and advantages position it for continued success and growth.