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This Office Property is no longer advertised on LoopNet.ca.

300 N Marienfeld St
Midland, TX 79701

Office Property For Sale

Investment Highlights

  • Secured Ground LeaseThis offering is rated AA- by Eagan Jones providing the investor the revisionary and long term right to this Class A trophy office
  • Passive OwnershipThe property is subject to an absolute triple-net ground lease with no landlord responsibilities.
  • Tax Deferred ExchangeThe zero cash flow structure contains the pay-down/re-advance feature, allowing an investor to meet exchange requirements

PROPERTY FACTS

Property Type
Office
Building Size
148,936 SF
Building Class
A
Year Built
1982
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
10,845 SF
Building FAR
2.48
Lot Size
1.38 AC
Zoning
C1
Parking
2.6 Spaces per 1,000 SF Leased

Amenities

  • Property Manager on Site
  • Security System
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • R000035-136
  • R000035-134
  • R000035-137
  • R000035-138
  • R000035-135
  • R000035-132
Land Assessment
$286,572
Improvements Assessment
$30,850,003
Total Assessment
$31,136,575
  • Listing ID: 29693312

  • Date on Market: 2023-10-03

  • Last Updated:

  • Address: 300 N Marienfeld St, Midland, TX 79701

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