IOS STNL - Strong Credit Tenant!

The asset is located on E County Rd 119, in Midland, TX, about 2 miles to Interstate 20 via TX-349 or FM 715. This area is a booming industrial neighborhood within minutes of Downtown Midland.NRG Realty Group has been retained to exclusively market the opportunity to acquire a Single Tenant Net Lease (STNL) industrial outdoor storage property in the heart of the Permian Basin region of West Texas. The property, leased to Pason Systems USA Corp. (“Pason”), is situated on 3.65 acres less than one mile from Interstate 20 in Midland, TX—a location synonymous with high demand for industrial facilities supporting the robust oil and gas industry. Pason is a leading energy services and technology company. They develop and deliver high-value hardware, software, and services, primarily for the oil and gas drilling industry in 12 countries. The lease is guaranteed by Pason US Holdings Corp. which is a wholly owned subsidiary of Pason Systems Inc., a publicly traded entity in Canada with a market cap of $1.07 Billion (CA$). Through nine (9) months ending 10/31/24, Pason had generated over $100mm (CA$) in net income on over $300mm (CA$) in revenue. About the Property: This property features a 6,750 SF office/warehouse on 3.65 Acres. This make an excellent investment property due to its configuration. The 1,750 SF office provides ample space for business operations while the 5,000 SF warehouse is open space for your shop related activities. Main shop amenities include (5) 16’ overhead doors forming multiple drive-in bays. With a rectangular lot, the building could be expanded to add another drive-in bay or wash-bay. Built in 2019 by a local, reputable builder, this industrial service facility is sure to return on your investment for years to come.