Midland Office Portfolio

For Sale

303 - 310 West Wall Street, Midland, TX 79701

This Midland property for sale is located at 303 - 310 West Wall Street. The general use of Midland Office Portfolio is office and it incorporates 728,203 square feet of class A office space. Contact the listing broker for details on the current sale price for Midland Office Portfolio. Midland Office Portfolio is situated on a lot that is 10.05 acre in size.

Contacts

broker

Brandi Sikes, MCR, CRE

SVN | J. Beard Real Estate Company - Greater Houston

Property Details

  • 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 May 14, 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.

Getting around

  • 64/100

    Walk Score ®

  • 48/100

    Bike Score ®

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Location

  • 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

  • 7-Eleven

    2.31 miles

  • Jack's Gas Station

    2.32 miles

  • Stripes Gas Station

    2.38 miles

  • Amigo's Gas Station

    2.52 miles

  • Sunoco

    3.20 miles

  • Kent Kwik Gas Station

    3.21 miles

  • H-E-B Fuel

    3.26 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

  • 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

  • Super 8 Midland

    2.65 miles

  • Days Inn by Wyndham Midland

    2.76 miles

  • La Quinta Inn Midland

    3.14 miles

  • Walmart Supercenter

    1.59 miles

  • Albertsons

    2.04 miles

  • Kingsway Mall

    2.41 miles

  • Holt Ranch Plaza

    2.58 miles

  • Imperial Shopping Center

    3.13 miles

  • H-E-B

    3.22 miles

  • La Villita Shopping Center

    3.22 miles

  • TJ Maxx

    3.69 miles

  • Dillard's

    3.82 miles

  • Ross

    3.85 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brandi Sikes, MCR, CRE

SVN | J. Beard Real Estate Company - Greater Houston