Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase a portfolio of thirteen (13) single tenant, NNN leased industrial assets in Midland, Texas, the operating center of the Permian Basin, the Oil Capital of America™. All thirteen assets are ideally located in close proximity to the Midland International Airport and Downtown Midland on highly visibility sites containing the most sought after ratio of stabilized land to building. This portfolio has remained 100% leased for the past 6 years through the most recent oil market “crash” notwithstanding the rollover of several leases. Occupancy is driven by the unique strength of the Permian Basin, the critical role of Midland and the high demand by oil field service companies in this immediate area.
All the leases in this portfolio will roll within the next five years, giving the investor the opportunity to adjust rents to the market which has remained stable through the most recent downturn in oil prices and is now in a cycle of rapid expansion.
To access the Due Diligence files, please click here to execute the Confidentiality Agreement.
- Current NOI: $1,720,000
- Stable Tenant Base
- 9.0% Cap Rate