Updated Dec 21, 2023
Marcus & Millichap Represents Sale Of Industrial Property In Midland TX
13100 Texas 191, Midland, TX, USA
Building Size
4,518 SF
Asset Type
Industrial
Closing
Oct 15, 2021
About this deal
AI
Located at 13100 West Highway 191 in Midland, this industrial property was recently sold. Spanning across 3.05 acres of land, the property offers a total of 4,518 square feet of space. The transaction took place on October 15, 2021. The property was listed for sale and was successfully sold in the Midland market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not mentioned
The sale of this industrial property was facilitated by Adam Abushagur and Davis Cagle, who represented the seller as brokers from Marcus & Millichap.
Players
Midland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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