Updated May 21, 2026
Marcus & Millichap Sells Coastal Pump & Equipment Industrial Property In Midland Texas For $1.26M
10616 West County Road 75
Building Size
12,000 SF
Asset Type
Industrial
Closing
May 18, 2026
About this deal
AI
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.
On the Map
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93