Iconic Investment Opportunity - Exceptional Midland Location

508 W Wall Street Midland, TX 79701

  • 177,952 Square Feet
  • Office
  • For Sale

Summary Description

Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Frost Tower in Midland’s CBD (the “Property”).  Frost Tower is a 177,952 square foot, Class A- twelve-story, multi-tenant office building ideally located in downtown Midland, Texas, the operating center for the Permian Basin, the Oil Capital of America™. Currently 88.1 percent leased, Frost Tower offers the opportunity to increase revenue while the existing rent roll provides stable cash flow with contractual rent at below market rates. Frost Tower has remained over 98% leased for more than ten years through oil market rallies and “crashes”. 

Area Available: 177,952 Square Feet

Occupancy:

87%

Projected 2018 NOI:

$2,694,000

Features:

  • Stable and growing tenant base
  • Exceptional visibility and accessibility
  • Strong upside potential
  • High yield opportunity
  • Minimal future capital investment required
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