GPR Ventures continues to expand its footprint in Midland with the purchase of two multi-tenant industrial complexes. Both properties are conveniently located near main thoroughfares and the Midland International Airport.
SAN FRANCISCO, March 7, 2023 /PRNewswire-PRWeb/ — GPR Ventures continues to expand its property footprint in the state of Texas, with the purchase of two multi-tenant industrial complexes in Midland, Texas. Both properties – one at 5301 Cholla Road (65,000 sq. ft., 91% occupancy) and the other at 3107 Antelope Trail (27,500 sq. ft., 82% occupancy) – boast an already strong tenant base, with below market rental rates and highly desirable unit sizes for future tenants. Boasting a convenient central location with easy access to main thoroughfares and the Midland International Airport, these acquisitions bring the number of Texas investments for GPR Ventures to three.
“GPR Ventures continues to grow our roster of properties in Texas, which we feel is an emergent market with brands such as Chevron, Occidental and Pioneer having recently established regional headquarters in Midland,” said GPR Ventures co-founder and Managing Principal Phillip Rolla. “We look forward to building great relationships with the current tenants.”
Midland consistently ranks as one of the top places to live in Texas due to its fast growth, strong oil and natural gas industry, and unique combination of big-city charm and small-town culture. Midland is also home to two colleges, including a Texas Tech University campus.
Photo description: Airborne shot of the property acquired by GPR Ventures at 5301 Cholla Road in Midland, TX.