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5500 North County Road

Colliers International Sells Industrial Site On 40 Acres In Midland, Texas
SOLDIndustrial

Colliers International Sells Industrial Site On 40 Acres In Midland, Texas

Building Size

Asset Type

Industrial

Closing

Jan 3, 2024

AI

Colliers International, represented by Todd Moore and Connor Duffy, has successfully sold an ±82,675 square foot industrial site on ±40 acres at 5500 North County Road in Midland, Texas. This property, located in the rapidly growing Midland industrial market, was sold under a long-term lease and attracted multiple competitive offers, reflecting the sustained investor demand for oilfield service leased assets in the region.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Acres: 40
  • Address: 5500 North County Road, Midland, Texas
  • Market: Midland

Todd Moore and Connor Duffy, representing Colliers International, played a key role in facilitating the sale of this industrial property. Their expertise and negotiation skills were instrumental in attracting multiple competitive offers and ensuring the successful completion of the transaction.

Players

Todd Moore

Colliers

Broker

19 deals

Broker

Market 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