Marcus & Millichap Sells Coastal Pump & Equipment Industrial Property In Midland Texas For $1.26M

The transaction involved an industrial property located at 10616 West County Road 75 in Midland, TX. The asset is a 12,000-square-foot single-tenant industrial property situated on 6.66 acres and is leased to Coastal Production Systems LLC.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: 96% of the original asking price
• Square Footage: 12,000
• Acres: 6.66
• Address: 10616 West County Road 75
• Market: Midland, TX
• Seller's Representatives: Davis Cagle, Adam Abushagur & Chase Beasley
• Brokerage: Marcus & Millichap

Several out-of-state investors showed interest in the property, leading to a successful transaction. The sale was brokered by Davis Cagle, Chase Beasley, and Adam Abushagur of Marcus & Millichap, who represented the seller during the deal.