AMARCO ACQUIRES 10,050 SQUARE FOOTAGE OF INDUSTRIAL BUILDINGS IN MIDLAND, TEXAS
MIDLAND, TEXAS, DECEMBER 27th, 2024 – AMAR Companies, Inc. (“AMARCO”) is pleased to announce the acquisition of a new property in the Midland area, located at 10811 W County Road 72. The property encompasses 5.01 acres and includes a 10,050 square foot building, which combines both office and warehouse space.
Constructed in 2014, the building is supported by a reinforced concrete slab and features a metal frame, metal roof, and metal siding, ensuring structural integrity and long-term durability with minimal maintenance requirements. The property is thoughtfully designed to optimize functionality, with a well-balanced allocation of office and warehouse areas to support operational efficiency. Additionally, the building is equipped with five 20-foot grade-level doors and multiple cranes, ideal for oil and gas operators.
Currently, the property is fully leased under a long-term NNN lease, providing a stable and predictable revenue stream. This acquisition strengthens AMARCO’s presence in the Midland area and aligns with our broader growth strategy, offering both solid returns and potential for continued investment appreciation.
About AMAR Companies, Inc.
AMARCO is an industrial real estate holding company specializing in refining the art of acquisition, renovation, leasing, and property management to deliver superior leasing experience and above-market returns to our investors. AMARCO targets the acquisition of single-tenant and multi-tenant industrial assets at below replacement cost, located in infill markets. To learn more about our growing portfolio, please visit www.amarco.com. For leasing inquiries or questions about the property, please contact pm@amarco.com.