For Sale
$3,560,000

1310 Murchison DrEl Paso, TX 79902

DaVita-leased, 8.26% CAP rate, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 10,803-square-foot medical office building in El Paso, Texas. The property is currently 100% occupied by DaVita, a leading national kidney care provider, under a triple-net (NNN) lease. The initial 15-year lease, commencing June 26, 2014, and expiring June 25, 2029, includes two five-year renewal options. The lease features favorable 10% rent increases every five years, with the next increase scheduled for June 2024. Built in 2014 as a build-to-suit for DaVita, this single-tenant property boasts a strong 8.26% capitalization rate and a current NOI of $294,112. Located at 1310 Murchison Dr, Suite 200, El Paso, TX 79902, on a 0.76-acre lot, the building enjoys excellent visibility and accessibility, situated near Interstate 10 and a major medical corridor. This prime location benefits from strong medical demographics and proximity to other healthcare facilities. The property's essential service nature and government-funded healthcare support provide a resilient investment opportunity. The asking price is $3,560,000, translating to $329.54 per square foot. This represents a compelling investment in a stable, high-demand sector of the commercial real estate market. The property's location within a thriving medical corridor, coupled with the long-term lease and built-in rent escalations, makes this an attractive offering for discerning investors.

Highlights

  • 15-year initial lease expiring June 2029.
  • Investment-grade tenant (DaVita).
  • Essential outpatient dialysis service.
  • Disaster-resistant investment.
  • 10% rent increase mid-2024.
  • 2014 DaVita build-to-suit.

Property Details for 1310 Murchison Dr

Property type
Office properties, Medical offices
Square Feet
10,803 SF
Year Built
2014
Lot Size (sq. ft)
33,106 SF
Units
1

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7782342
Longitude
-106.4859124
1310 Murchison Dr, El Paso, Texas

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1310 Murchison Dr
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