MIDLAND – Extract Production, an equipment manufacturer for the oil and gas industry, has sold a 50,000-sf industrial flex property for $10 million.
The property was built in phases on 14 acres between 2018 and 2022.
SRS Real Estate Partners represented the seller and the undisclosed buyer in the all-cash, sale-leaseback transaction.
Extract Production will lease the space for the next 15 years.