Pecos Center$79.5M · 4.75% cap
Summit Commons
59,600 SF retail building at 2766 Ross Ave, Midland, TX 79701. For Sale through the owner.
For SaleStatus
$44.29/SFAsking rent
$26.65MAsking price
6.07%Cap rate
2016Year built
BClass
Property facts
| Property type | Retail |
|---|---|
| Building class | B |
| Rentable area | 59,600 SF |
| Stories | 10 |
| Year built | 2016 |
| Typical floor | 5,960 SF |
| Lot size | 2.77 acres |
| Parking ratio | 2.8/1,000 SF |
| Occupancy | 100.0% |
| Zoning | CBD |
| Parcel ID | 86-775-6071 |
| Submarket | Midland |
| Market | Midland-Odessa |
| Walk Score | 88 |
| Transit | Highway access I-35 |
| Listing package | Silver |
Building amenities
Banking, Signage, EV Charging, Restaurant, Bike Storage, LEED Gold
Major tenants
| Tenant | Industry | Floor | SF | Lease expiry |
|---|---|---|---|---|
| Gulf Petrochem Trading | Insurance | 8 | 16,840 | 2030-07-01 |
| Capital Policy Group | Media | 2 | 16,020 | 2032-12-01 |
| Tidewater Shipping | Media | 4 | 2,250 | 2023-05-01 |
Sale history
| Date | Price | $/SF | Cap rate | Buyer | Seller |
|---|---|---|---|---|---|
| 2025-08-17 | $7.58M | $127.25 | 7.60% | Lakeshore Realty Trust | Redwood Property Trust |
| 2022-06-30 | $12.07M | $202.55 | 6.20% | Vantage Point Capital | Redwood Property Trust |
Public record
| Owner of record | Oakridge Development LLC |
|---|---|
| Assessed value | $7.09M |
| Land value | $1.33M |
| Improvement value | $5.76M |
| Annual tax | $135K |
| Tax year | 2026 |
| Lot size | 120,661 SF |
| Last deed | 2023-11-02 |
| Deed type | Special Warranty Deed |
| Legal description | LOT 18 BLK 878 MIDLAND ADDN |
Location
2766 Ross Ave
Midland, TX 79701
Midland submarket · Midland-Odessa market
31.97070, -102.05627
Open in RealStarListing package
Silver — Priority placement above all free listings.
Priority placement above every free listing, expanded photo set, full space-by-space availability table and a monthly performance report.
Compare packages →Similar retail properties in Midland, TX
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Property-level inventory shown here is RealStarGlobal sample data generated for product demonstration; live market activity, deal flow and news are sourced from the Acquirepad CRE intelligence feed and the public registries listed in the data sourcing plan.