1525 Magoffin Ave - Warehouse FOR SALE


El Paso, TX 79901- Downtown El Paso
$1,390,500 USD
915-479-5151
1525 Magoffin Ave, El Paso, TX for Sale
$1,390,500 USD
Warehouse - FOR SALE
1/23
null | 6.04% Cap Rate

1525 Magoffin Ave
El Paso, TX 79901
Downtown El Paso


HIGHLIGHTS

  • 18,540 Square Feet Warehouse with Rail Spur Access
  • Close Proximity to I-10 and Downtown El Paso
  • Great Sale Leaseback NNN Opportunity
  • 2024 Taxes: $7255.10

OVERVIEW

Owner operated manufacturing company with established sales and no signs of slowing down! This is an excellent NNN investment opportunity with a great asset established in the heart of the manufacturing district in Central El Paso. Property features over 18,000 SF of building area, with one dock high door and two drive-in doors. Property has rail spur access and has been recently renovated as of 2021. Seller is willing to sign a 5-year leaseback with an additional option of 5 years with rent starting at $7,000.00 per month NNN. Swamp cooling in warehouse and refrigerated in office. BY APPOINTMENT ONLY, DO NOT BOTHER TENANTS.

FOR SALE DETAILS

PRICE

$1,390,500 USD

PRICE/SF

$75 USD /SF

CAP RATE

6.04%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Warehouse W/Rail Spur NNN Sale Leaseback

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

R&D, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

Lighting, Gas, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

1

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49

LAND SF

21,344

ZONING

M1

APN/PARCEL ID

C849-999-0700-2900

ASK ABOUT THIS PROPERTY

Juan UribeTeam Juan Uribe LLCMore Info
915-479-5151

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Juan UribeTeam Juan Uribe LLCMore Info
915-479-5151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.