GRC1133 - 11% Cap Rate - True Triple Net, no expenses - Industrial - Midland/ Odessa, Texas ::

  Other | Midland, Texas, United States


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Price:
Status:
Not disclosed
Sold
Property Description

SUMMARY OF INVESTMENT OPPORUNITY

PROPERTIES: Nine (9) newly-constructed industrial office/warehouse properties

LOCATION: Midland, Texas (near Midland-Odessa International Airport)

PORTFOLIO SUMMARY:

• The properties may be purchased individually (with purchase price based on an actual Year 1 cap rate of 10.00%) or they may be purchased as a portfolio (with the purchase price based on an actual Year 1 cap rate of 10.00 %).

• Each of the properties has been (or will be) pre-leased to recognized, financially strong tenants.

• All leases are for an initial term of five, six or seven years, and all leases are on a full NNN basis, with no owner/landlord management or maintenance responsibilities.

• All buildings will be fully constructed and occupied by all of the tenants on or before the close of escrow.

• Each property is to be separately deeded, and will have separate title insurance policies.

Location: United States | Texas | Midland