1049 Eastside RdEl Paso, TX 79915

This exceptional investment opportunity presents a 40,176-square-foot warehouse located at 1049 Eastside Road, El Paso, Texas, 79915. The property, built in 1959, is a single-story structure situated on a 55,117-square-foot lot. Currently operating under a triple-net (NNN) lease with three tenants, the property boasts 100% occupancy, generating a strong net operating income (NOI) of $241,200. The asking price is $2,250,000, representing a compelling cap rate of 7.49%. The lease terms are for one year, commencing August 1, 2024, and expiring July 31, 2025, with a remaining lease term of 0.7 years. The property features five dock-high doors and 15 parking spaces. This industrial property is ideal for owner-users or investors seeking a stable, high-return investment in the El Paso industrial market. The property's APN is E131999002091000. The price per square foot is $56. This is a multi-tenant property classified as distribution and warehouse space.