Updated Dec 19, 2023
Marcus & Millichap Acquires Industrial Properties In Midland For $Undisclosed
5806 FM715, Midland, TX, USA
Building Size
50,750 SF
Asset Type
Industrial
Closing
Nov 2, 2021
About this deal
AI
A total of seven industrial properties in Midland have been sold in a recent transaction. The properties are located at 3107 S County Road 1180, 3211 S County Road 1180, 1110 E County Road 119, 1311 E County Road 119, 1403 E County Road 119, 1720 E County Road 140, and 5806 FM 715. The combined acreage of these properties is 26.25 acres. The total square footage of the industrial space is 50,750 square feet. The transaction took place on November 2, 2021. The deal was facilitated by brokers Adam Abushagur and Davis Cagle from Marcus & Millichap.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Location: Midland
- Acreage: 26.25 acres
- Square Footage: 50,750 square feet
- Brokers: Adam Abushagur and Davis Cagle from Marcus & Millichap
The transaction involved multiple properties in Midland's industrial market. Adam Abushagur and Davis Cagle, from Marcus & Millichap, played a crucial role in facilitating the deal. Details such as the sale price and loan amount were not disclosed.
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