Midland Office Portfolio

303 - 310 West Wall Street, Midland, TX 79701

  • For Sale CALL FOR PRICING
  • Property Type Office - General Office
  • Property Size 728,203 SF
  • Units 5
  • Lot Size 10.05 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Date Updated Nov 13, 2024
Located in Downtown Midland, TXThe Midland Office Portfolio (The "Property") comprises five strategically positioned office properties, collectively spanning 728,203 square feet. Three of these towers are conveniently situated on Wall Street within the central business district, while the remaining two properties grace the northern edge of downtown. Together, these properties rest on a generous 10.05 acres of land. With a current occupancy rate of 60.29%, the investment provides an investor a unique opportunity to substantially increase the value by bringing the properties to the Midland CBD occupancy rate of 84%. The portfolio consistently attracts strong lease inquiries. Boasting a diverse tenant mix of both local and national professional tenants, the properties extend beyond the traditional oil, gas, and mineral sectors, encompassing investment firms, real estate groups, law practices, financial institutions, and government agencies.
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Highlights

  • Excellent Location in Midland’s Business District - Office portfolio benefits from positions within the Central Business District.
  • Significantly Below Replacement Costs - Offering unparalleled value for investors.
  • Market Dominance - Ability to control a significant market share of office supply throughout the CBD of Midland.
  • Very Attractive Assumable Financing - 4.02% Fixed.
  • Strategic Lease Structuring - Capitalize on the opportunity to optimize lease terms early, offering extended agreement that enhance the weighted average lease term of the portfolio.
  • Value Add Opportunity - Current occupancy 24% below submarket occupancy rate.

Contacts

broker
Brandi Sikes, MCR, CRE

SVN | J. Beard Real Estate Company - Greater Houston

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Midland, TX
  • Neighborhood Homestead-Original Town
  • Zip Code 79701
  • Market Midland Odessa

Points of Interest

  • Walmart

    1.54 miles

  • 7-Eleven

    1.56 miles

  • Sunoco

    1.62 miles

  • Texaco

    1.76 miles

  • Exxon

    1.77 miles

  • Stripes

    1.84 miles

  • Kent Kwik

    2.21 miles

  • Jack's Gas Station

    2.32 miles

  • Stripes Gas Station

    2.38 miles

  • Tesla Supercharger

    5.08 miles

  • LHS Parking

    3.17 miles

  • HEB Parking Lot

    4.56 miles

  • DoubleTree by Hilton Hotel Midland Plaza

    0.11 miles

  • Microtel Inn & Suites by Wyndham Midland

    1.46 miles

  • Candlewood Suites

    1.47 miles

  • My Place Hotel-Midland, TX

    1.62 miles

  • Super 8 by Wyndham Midland South

    1.62 miles

  • Country Inn & Suites

    1.64 miles

  • Quality Inn

    1.65 miles

  • Comfort Inn

    1.69 miles

  • Mainstay Suites

    1.73 miles

  • Wyndham Garden Midland

    1.93 miles

  • Luigi's

    0.10 miles

  • Wall Street Bar & Grill

    0.22 miles

  • Domino's

    0.45 miles

  • Basin Burger House

    0.46 miles

  • Subway

    0.46 miles

  • DQ Grill & Chill

    0.51 miles

  • King & I

    0.57 miles

  • La Mision

    0.66 miles

  • Church's Chicken

    1.00 miles

  • Dos Margaritas

    1.06 miles

  • MISD Administration

    0.22 miles

  • Midland Senior High School

    0.45 miles

  • Midland Academy Charter

    0.46 miles

  • Midland College CLC

    0.56 miles

  • South Elementary

    0.65 miles

  • De Zavala Elementary

    0.85 miles

  • James Bowie Fine Arts Academy

    1.05 miles

  • Carver Center

    1.10 miles

  • Midland Freshman High School

    1.13 miles

  • St. Ann's School

    1.19 miles

  • Paragon Learning Center

    4.04 miles

Frequently Asked Questions

How much does Midland Office Portfolio cost?

The sale price for Midland Office Portfolio is available upon request. Contact the listing broker for more information.

What is the total square footage of Midland Office Portfolio?

Midland Office Portfolio totals 728,203 square feet.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Brandi Sikes, MCR, CRE

SVN | J. Beard Real Estate Company - Greater Houston