The Midland portfolio comprises 33 single and multi-tenant net leased assets totaling 662,714 square feet on 160 acres. The assets are 91% leased. The grouping offers a diversified and staggered rent roll. Newmark is representing Energy Related Properties (ERP) as its exclusive agent.
The fact that the site is within one of the worlds most productive oil regions was not lost on Newmark’s Matt Berres, “Global oil markets are exceptionally tight given current geopolitical tensions and possible disruption to supplies. In line with the wider increased energy productions of the Permian Basin, this portfolio stands to benefit significantly from these market dynamics.”
The project is near Interstate 20 and Texas Highways 80, 158, 191 and FM 1788.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.