Colliers is pleased to announce successful sale of an ±82,675 square foot industrial investment s

HOUSTON - Jan. 3, 2024 - PRLog -- Colliers is pleased to announce the successful sale of an ±82,675 square foot industrial investment site on ±40 acres at 5500 N County Road in Midland, Texas. Todd Moore and Connor Duffy of Colliers represented the seller in the transaction. The facility is under a long-term lease and Colliers produced multiple offers in the marketing process.

"We were able to secure multiple competitive offers and choose a buyer with a strong track record of execution for our client," said Todd Moore of Colliers.  "The buyer acquired a premium asset in the Midland market with an extremely landlord-friendly lease structure.  When other net lease assets have seen some slowdown, the oilfield service leased assets have continued to attract investor demand as they offer historically higher yields than other assets."

The site is located northeast of downtown Midland off of Loop 250, sharing the region with Midland's high-enterprising and developing Skyview Development area. With Midland on the cusp of exponential industrial growth, this site location is prime real estate in the developing area.

See the full article here: https://www.colliers.com/en/news/houston/5500-n-county-ro...