Extract Production Sells Fully Occupied Industrial Property In Midland, TX For $10M

A 50,000-square-foot industrial/flex property located at 10817 West Country Road 75 in Midland, TX, has been sold in a $10 million sale/leaseback deal. The property, situated on 14 acres of land, is fully occupied by Extract Production and comes with a 15-year absolute triple-net lease. It is conveniently located near State Hwy 191 in the Permian Basin, just six miles away from the Midland International Air & Space Port.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $10 million
• Square Footage: 50,000
• Address: 10817 West Country Road 75, Midland, TX
• Market: Midland
• Acres: 14

The seller in this transaction is Extract Production, represented by Brad Goebel. The broker involved in the deal is Kyle Fant from SRS Real Estate Partners. The sale/leaseback deal provides Extract Production with a 15-year absolute triple-net lease, ensuring a stable income stream for the property.