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Fortress Downhole Tools Midland, TX

Status Under Contract
Location 5204 W County Road 126, Midland, TX 79706
Captialilzation Rate 9.25%
Building Size 12,525 Square Feet
Lot Size 2.00 Acres
Lease Type NNN
Term Remaining 3.64 Years
Price $ 2665000
  • STNL Industrial Portfolio Sold Together or Separately
  • Recently Constructed Facilities in Midland, Texas
  • Annual Rent Increases
  • Each Facility Includes Outdoor Storage
  • The Permian Basin is the Highest Producing Oil Field in the United States

The subject property is a 12,525-square-foot facility sitting on 2.00 acres on West County Road 126 in Midland, Texas. Built in 2022, the building features metal construction with ten drive-in doors and is crane ready.

The property is leased to Fortress Downhole Tools, a company that leads the future of setting tool technology providing innovative solutions and integrated services to the oil and gas completions industry. There are over three and one-half years of lease term remaining on a Triple Net (NNN) lease and the lease enjoys two percent annual increases.

This property is part of a three-property portfolio of single-tenant, net-leased industrial properties with outdoor storage. The properties can be purchased together or separately.

Agent : Patrick Doherty

  • 512-338-7855
  • patrick.doherty@marcusmillichap.com
License: TX-622300
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