Midland Independent School District Ionwave #RFP # 26-143 (Property Sale: Cholla Rd)

Midland ISD Real Property Sale: 65.51 Acres Near Cholla Road, Midland County, TX

Midland Independent School District (Midland ISD) is offering a real estate sale opportunity for business and investment professionals: - Buyer: Midland Independent School District (Midland ISD), Midland County, Texas - Property for sale: Approximately 65.51 acres of District-owned land near Cholla Road and Amara Road - Offered as a single transaction or as two separate tracts: - Tract A: 36.81 acres (appraised at $3,590,000) - Tract B: 28.70 acres (appraised at $2,730,000) - Combined appraised value: $6,320,000 - Proposers may submit offers for the entire property, individual tracts, or any combination - Sale is subject to Board of Trustees approval; property sold as-is - District retains all oil, gas, and other mineral interests - Required proposal documentation: - Completed vendor forms, W-9, Conflict of Interest Questionnaire, Form 1295 - Proof of funds or financing - Earnest money deposit of at least 5% of purchase price required within 5 business days of award notice - Closing must be completed within 30 calendar days of Board approval - No OEMs or commercial vendors are specified, as this is a real property sale - Notable requirements: mineral rights reserved by District, proof of funds mandatory, earnest money deposit, and strict closing timeline

Description

Midland Independent School District is soliciting sealed proposals for the purchase of District-owned real property located near Cholla Road and Amara Rd in Midland County, Texas. The property consists of approximately 65.51 acres, divided into two tracts, and may be sold as a single transaction or in parts. Proposals must be submitted electronically and include offer amounts and required documentation such as proof of funds and completed vendor forms. The sale is subject to approval by the Midland ISD Board of Trustees, and the property is sold as-is with all faults, with the District retaining all mineral rights.

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