Property Details

TITLE:
Midland TX Industrial Drill Mama Drill
CONTROL:
Owner
VALUE:
$650,000
LOAN:
$0
EQUITY:
$650,000
TYPE:
Industrial
HAVE:
YOC 1996, Fully renovated 2025. 7500 ft industrial. office warehouse with 1 br apartment for overnight employees. 2,000 feet of office. 17-20 ft ceilings. 14 ft overhead door. Located on 1.53 acres all usuable and partially fenced.
WEBSITE URL:
ADDRESS:
3612 SCR 1198, Midland, Texas
BENEFITS TO NEW OWNER:
Financeability, Depreciation, Leverage into Larger Property, Path to Cash
GROSS SCHEDULED INCOME:
$75,000 Projected
VACANCY LOSS:
$0
GROSS EFFECTIVE INCOME:
$75,000
EXPENSES:
$0
NOI:
$75,000
DEBT SERVICE:
$0
CASH FLOW:
$75,000
CAP RATE:
11.54%
BENEFITS SOUGHT:
Cashflow, Value Add Upside, Development Upside
CAN ADD:
$350,000 F/C leased restaurant, $108,000 First mortgage at 7% Some limited Cash, financial.
REMARKS:
Purchased to add value and completed rehab in March 2025. Listed with TX broker, Josh Tardy.
COUNSELOR:
Ted Blank
Ted Blank & Assoc., Inc.
6825 Vista Lodge Loop
Castle Rock, Colorado, 80108
Cell: 303-748-9998