Black Diamond Oilfield Rentals Midland, Texas
Status Under Contract
Location 3510 N. County Road 1148, Midland, TX 79705
Captialilzation Rate 8.25%
Building Size 32,000 SF
Lot Size 13.75 Acres
Lease Type NNN
Term Remaining 12.03 Years
Price $ 5964291
- 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
Black Diamond Oilfield Rentals, LLC is located off Texas State Highway Loop 250 on North County Road 1148 in Midland, Texas. The property has four buildings consisting of 32,000 square feet and is sitting on 13.75 acres. The lease has approximately twelve years remaining and includes one and one-quarter-percent annual rent increases. Black Diamond Oilfield Rentals is a privately held service company with extensive industry experience that rents and services drill pipe, landing strings, heavy-weight drill pipe, drill collars, tubing, blow-out preventers and handling tools.
Agent : Patrick Doherty
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512-338-7855
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patrick.doherty@marcusmillichap.com