Premium Oilfield Technologies Midland, Texas

Status Under Contract
Location 10207 W. Industrial Avenue, Midland, TX 79706
Captialilzation Rate 9.00%
Building Size 36,745 Square Feet
Lot Size 6.00 Acres
Lease Type NNN
Term Remaining 10 Years
Price $ 5934000
  • Brand New Build-to-Suit
  • 10-Year Term with Two-Percent Annual Increases
  • Large, Six-Acre Lot Allowing Outside Storage which is Vital to Tenant’s Business
  • Great Location between Interstate 20 and Business Interstate 20 in Close Proximity to the Airport
  • Premium Oilfield Technologies is an International Company that Supplies High Quality Products to the Oil and Gas Industry
  • Crude Oil and Natural Gas Prices are at Pre-Pandemic Levels
  • Due to the Increase in User Demand, the National Rig Count has Increased Over 40% Since January (Source: Enverus Drillinginfo)

Doherty Houston Industrial Group is pleased to present this Premium Oilfield Technologies property located in Midland, Texas. The subject property is a 36,745-square-foot facility sitting on 6.00 acres located on Business Interstate 20 and FM 1788. This is a brand new, build-to-suit. The lease term is 10 years and includes two percent annual increases.

Premium Oilfield Technologies has been supplying high quality products to the oil and gas industry. Its core focus is to provide performance enhancing solutions that meet the strictest safety standards. Premium Oilfield Technologies has worldwide locations and operations in all of the U.S. major shale plays. Its field locations boast a crew of experienced technical sales representatives that visit each rig several times per month. Geographic positioning allows the company to directly supply its products to more than 500 drilling rigs every day.

Located in West Texas, the Midland-Odessa metro is an energy capital as the Permian Basin is one of the biggest oil fields in the world and is home to some of the largest petroleum-producing companies. Midland stands at the center of the Permian Basin, which houses over 16 percent of the country’s oil reserves, and is the largest oil production region in America. Due to the thriving oil industry in Midland, large corporations such as Chevron and Chesapeake Energy conduct business here. From June 2017 to June 2018, Midland gained 6,009 jobs with the majority of those being in the natural resources and mining industry.

Agent : Patrick Doherty

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