United Safety Midland, Texas
Status Under Contract
Location FM 1788 & Interstate 20, Midland, TX 79706
Captialilzation Rate 9.00%
Building Size 15,106 SF
Lot Size 2.79 Acres
Lease Type NNN
Term Remaining 7 Years
Price $ 2697000
- New Build-to-Suit in Midland, Texas
- Lease Guaranteed by United Safety, Ltd.
- Seven-Year Term with Annual Rent Increases of Two Percent
- Strategically Located Near Interstate 20
- The Permian Basin is Producing Over 4.1 Million Barrels of Oil Per Day
This United Safety property is a 15,106-square-foot facility sitting on 2.79 acres located just off Interstate 20 between Midland and Odessa. This is a brand new, build-to-suit that is currently under construction and scheduled for completion later this year. The lease term is seven years and the lease includes two percent annual increases. The tenant also has two, five-year options to renew.
Agent : Patrick Doherty
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512-338-7855
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patrick.doherty@marcusmillichap.com