State Of Texas – Single Tenant Govt. Office Building – Midland, Tx

1140 Midland Drive, Midland, TX

$5,167,000

Price

8%

Cap Rate

$413,393

NOI

Overview
Cap Rate
8%
NOI
$413,393
Building Size
15,135 sqft
Lot Area
2.348 acres
Occupancy
100%
Year Built
2020
Tenancy
Single
Description

Nearby Retailers include Walmart Supercenter, Target, Sam’s Club, Home Depot, Lowe’s Hobby Lobby, Academy Sports+Outdoors, DXL Big + Tall, Michaels, T.J. Maxx & Homegoods, Five Below, Furniture Row, Big Lots, H-E-B Grocery, Parter’s, United Supermarkets, Natural Grocers, Office Depot, Dollar General, Family Dollar, Tractor Supply, ABC Supply Co., Walgreens, CVS, AutoZone, O’Reilly Auto Parts, and Carquest.
4 miles from Midland College – a public college offering over 100 degrees & certificate programs with 4,737 students. Less than 15 miles from the University of Texas Permian Basin Odessa – a public university offering bachelor’s & master’s degrees through its 5 colleges & schools with 5,316 students; 2- miles from Odessa College – a public junior college in Odessa, Texas offering associate & certificate degree programs with 7,019 students.

Highlights
  • • 2023 DEMOGRAPHICS: Total Population (5-MI): 131,572 | Average Household Income (1-MI): $144,017
Documents
Title
stateoftexas.midland_PKG.pdf
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Location
Gallery