Right Light Services Midland, Texas

Status Under Contract
Location 10611 W County Road 75, Midland, TX 79707
Captialilzation Rate 12.00%
Building Size 10,375 Square Feet
Lot Size 2.98 Acres
Lease Type NNN
Term Remaining 4.1 Years
Price $ 1632000
  • Portfolio of Five STNL Industrial Properties in Midland/Odessa, Texas
  • Double-Digit Returns
  • Varying Lease Terms
  • The Rig Count in the Permian Basin has Increased Over 52% Since August 2020, According to Baker Hughes (200+)

Doherty Houston Industrial Group is pleased to present this five-property portfolio located in Midland and Odessa, Texas. The subject properties total 67,750 square feet with 17.65 acres located between Midland and Odessa on Interstate 20. These are single-tenant, net-leased facilities, serving the oil and gas markets. These properties can be sold together or packaged separately.

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. The metro consists of Martin, Midland and Ector counties. The public sector is a top job provider, but the private sector is driving the economic growth. The two largest cities are Midland with nearly 130,000 residents and Odessa with roughly 112,000 residents.

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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