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

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SOLD

Texas

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Industrial50,000 SF
Sold 09/25/2023
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SOLD

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

10817 Wcr 75

See Similar Deals
Industrial50,000 SF
Sold 09/25/2023
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:50,000 SF
Transaction Type:Sale

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.

Players

Kyle Fant
SRS Real Estate Partners
Kyle Fant
13 deals$158M volume
BROKER

Details

SOLD
IMAGE: Brad Goebel & Kyle Fant DATE: 09/25/2023 ADDRESS: 10817 West Country Road 75 MARKET: Midland ASSET TYPE: Industrial ~ SF: 50,000 ~ ACRES: 14 SELLER: Extract Production - Brad Goebel BROKER: Kyle Fant (@FantKyle) - SRS Real Estate Partners (@srsrealestatepartners) NOTE: A 50,000-square-foot industrial/flex property in Midland, TX, was sold in a $10 million sale/leaseback deal. The property, fully occupied by Extract Production, comes with a 15-year absolute triple-net lease and is located near State Hwy 191 in the Permian Basin, just six miles from the Midland International Air & Space Port.

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