For Sale
$4,875,000

1800 Mesa StEl Paso, TX 79902

Prime Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional Class A, 18,283-square-foot medical office building in El Paso, Texas, presents a compelling investment opportunity. Located at 1800 N. Mesa St., this fee-simple property boasts a 100% occupancy rate with four tenants, averaging over 10 years of tenancy. The building, originally constructed in 1967 and extensively renovated in 2009, features two stories and sits on a 30,135-square-foot lot zoned A-O. The property includes 66 parking spaces, 14 of which are covered, providing ample parking for tenants and visitors. Tenet Health Corporation occupies a significant portion of the space (10,600 square feet). The building enjoys a high-profile location across from a major medical district, anchored by prominent hospitals, and benefits from high traffic counts exceeding 21,000 vehicles daily. Its strategic position at the signalized intersection of Mesa Street (State Highway 20) and Rim Road offers excellent visibility and accessibility. The property is minutes from the University of Texas at El Paso, downtown El Paso, and Interstate Highway 10. The asking price is $4,875,000, representing a compelling cap rate of 6.81% and a price per square foot of $266.64. The Net Operating Income (NOI) is $332,000, reflecting the strong financial performance of this stabilized investment. This is a NNN lease type.

Highlights

  • Fully leased to four medical tenants with an average lease term exceeding 10 years.
  • Tenet Health Corporation (THC) occupies 10,600 square feet.
  • 66 dedicated parking spaces, including 14 covered spaces.
  • High-profile location directly across from a 32-acre medical district, anchored by major hospitals.
  • Situated on a signalized corner at a high-traffic intersection of Mesa St (State Hwy 20) and Rim Rd.
  • Convenient access to the University of Texas at El Paso, Downtown El Paso, and Interstate 10.

Property Details for 1800 Mesa St

Property type
Office properties, Medical offices
Square Feet
18,283 SF
Class
A
Year Renovated
2009
Buildings
1
Stories
2
Units
4

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.770571308699
Longitude
-106.49742132605
1800 Mesa St, El Paso, Texas

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1800 Mesa St
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