Clariant Corporation

-

LTV (Loan to Value)	0.00%	Current NOI	$0.00
Interest Rate	0.000%	Capital Rate	0.000%
Fixed Term	10 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount	$0.00	Property Type
Payment	$0.00	Property Lease
Bulding Size	0 SF	Remaining Terms

Location Description

Midland is the county seat of Midland County in west Texas. As of the 2010 census, Midland had a population of 113,931 making it the twenty-eighth most populous city in the state. The recent oil boom has led several recent estimates on the current population to be between 155,000 and 165,000. It is also the hub of the Midland-Odessa Combined Statistical Area which had an estimated population of 274,002 in 2010. It is located along I-20 and is generally considered the halfway point between El Paso and Fort Worth in Texas. Midland is known for its downtown skyline and is nicknamed “The Tall City”. For many years, the downtown district housed the tallest buildings between Fort Worth and Phoenix. Currently, a private development group is planning to build a 59 floor building called “Energy Tower” which would become the 6th tallest building in all of Texas. Midland’s development was fueled by several energy booms and has long been a hub for Texas oil and gas activity. Recently, the expansion of the Permian Basin oilfields has once again helped accelerate growth in the area. Midland is a major focal point for the play due to its location geographically and the pre-existing infrastructure in and around the city. Odessa is a city in and the county seat of Ector County, Texas, with a small portion of the city extending into Midland County. Odessa’s population was 99,940 at the 2010 census making it the 31st-most populous city in Texas. It is the principal city of the Odessa, Texas Metropolitan Statistical Area, and a component of the larger Midland–Odessa combined statistical area, which had a population of 266,941 as of a July 1, 2009 estimate. In 2014, Forbes magazine ranked Odessa as the third fastest-growing small city in the United States.Permian BasinAs one of the oldest and most widely recognized oil and gas producing regions in the United States, the Permian basin covers approximately 86,000 square miles and encompasses 52 counties in New Mexico and Texas. It spans almost 250 miles east and west and 300 miles north and south. Unlike other plays across the country, the Permian Basin is unique due to its complex geology and contains several sub-basins each with its own characteristics.As of February, 2014, there were 475 operating rigs across the Permian Basin, approximately 1/3 of all operating rigs in the United States. The area also lead the country in 2013 rig count growth and the expansion of horizontal drilling in the area has made it the number one focus of unconventional activity in the United States.

Highlights

Brand New Construction - The Property was recently constructed and reached substantial completion on September 15, 2014.Strong Tenant – Clariant…