Colliers International was recently awarded the exclusive sales listing for a portfolio of two trophy office properties in downtown Midland totaling 599,498 square feet of space. Principal David Carter and President Patrick Duffy will handle the sales efforts for the properties, which have a combined projected net operating income of more than $11 million.
Encompassing 7.779 acres of land, the Fasken Center and Frost Bank Tower are premiere office buildings that are found in a region known as the Permian Basin, the most active oil and gas region and home of the largest deposits of oil in the United States. This highly sought after location leads to long-term stability with contractual rental increases and an opportunity to increase rental rates upon rollover.
Together and individually, the trophy towers offer immense opportunity for an investor to secure a prime location in the Oil Capital of America with a steady cash flow already in place. This coupled with multi-billion dollar corporations who have long-term commitments in place, the Fasken Center and Frost Bank Tower make the portfolio a great opportunity for the long run.
For more information about Colliers International services or the Permian Basin –Midland CBD Trophy Towers investment offering, call +1 713 222 2111 or visit www.midlandofficeinvestment.com