THE OFFERING
IWI Realty is pleased to present this exclusive 14,000 SF industrial portfolio situated on ±5 acres in Midland, TX, one of the most active regions within the Permian Basin. The portfolio includes two adjacent single-tenant facilities: a 7,500 SF building leased to Bullet Production Services under a double net lease with 23 months remaining as of September 1, 2025, and a 6,500 SF building leased to Kat Energy Services under a triple net lease with approximately 9 months remaining. Both leases offer passive cash flow with limited landlord responsibilities, with tenants collectively covering property insurance, taxes, and maintenance. The assets are being offered at a low basis relative to market comparables, creating an opportunity for built-in equity, reduced downside risk, and long-term upside through rental escalations or repositioning.
Bullet Production Services and Kat Energy Services are established oilfield service providers with strong operational histories and niche positioning in the Permian Basin. Bullet specializes in fluid management and torque services with a safety-focused reputation and zero OSHA recordables, while Kat Energy offers proprietary solids control and closed-loop mud tank systems with significant environmental compliance advantages. Both tenants serve critical functions for upstream energy operators, enhancing the long-term stability and relevance of their tenancy. This is an attractive value-play investment featuring durable in-place cash flow, strategic location, and strong tenant alignment with energy sector demand.
