Drilling Tools International Midland, Texas
Status Under Contract
Location 1514 S. County Road 1309, Midland, TX 79707
Captialilzation Rate 8.25%
Building Size 52,246 SF
Lot Size 10.99 Acres
Lease Type NNN
Term Remaining 9.52 Years
Price $ 12613539
- STNL Industrial Portfolio in Midland/Odessa, TX (Three of a Seven-Property Portfolio Across Texas)
- Crude Oil and Natural Gas Prices are at Pre-Pandemic Levels
- Large Lots Allowing Outside Storage (Vital to the Operation of Each Tenant)
- Long-Term Leases on Two of the Three Assets
- Varying Rent Growth
Drilling Tools International, Inc. is located off State Highway 191 on South County Road 139 in Midland, Texas. The property has four buildings consisting of 52,246 square feet and is sitting on 10.99 acres. The lease has approximately nine and one-half years remaining and includes periodic rent increases. Drilling Tools International (DTI) provides a wide range of rental tools, technology, and services to the drilling, completion, and production segments of the oil and gas industry, serving operators, drilling contractors and oilfield services companies.
Agent : Patrick Doherty
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512-338-7855
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patrick.doherty@marcusmillichap.com