Stable, Established Tenant in Oilfield Services: Leased to Horizontal Wireline Services, a leading independent provider of logging, perforating, and advanced wireline solutions for the oil and gas industry, with a strong presence across multiple basins including the Permian.linkedin.com The company, founded in 2010 and headquartered in Irwin, PA, maintains operations in key locations like Midland, TX, emphasizing innovation, sustainability, and safety
Modern Industrial Facility Built in 2017: This 9,580 SF property features a high-quality build with a 60′ x 155′ warehouse offering 24′ eave heights, eight 16′ x 16′ overhead doors creating four drive-through bays, 5,700 SF of shop space, 2,100 SF of office area, and a 1,780 SF wash bay—ideal for heavy-duty industrial use in the wireline services sector.
Prime Location in the Permian Basin Energy Hub: Situated in Midland, Texas, the property benefits from central access to the Midland-Odessa workforce, proximity to Interstate 20, and the Midland International Air & Space Port, positioning it ideally for oil and gas operations in one of the world’s most productive energy regions
High yield deal at a 10.03% cap rate with a Low coverage building to lot ratio of roughly 4%