For Sale
$1,030,000

1351 Zaragoza Rd El Paso, TX 79936

Fully occupied, NNN leased medical office.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional Class A, 4,032 square foot medical office building, constructed in 2022 and renovated in 2023, presents a compelling investment opportunity. Located in the thriving Palo Verde Business Park in El Paso, Texas, this single-tenant property boasts a 100% occupancy rate with a long-term NNN lease in place with Piedras Rehabilitation Clinic. The 0.38-acre lot provides ample parking (20 spaces), exceeding 4.96 spaces per 1,000 square feet. The property features a C-4 (Heavy Commercial) zoning designation. Situated on N Zaragoza Road, it benefits from high traffic counts (23,521 VPD) and proximity to major thoroughfares like George Dieter Drive (22,046 VPD), Interstate 10 (approximately 1.0 miles), Loop 375 (approximately 2.5 miles), and El Paso International Airport (approximately 8.6 miles). The building's strong financial performance is highlighted by a projected 2024 Net Operating Income (NOI) of $72,000. The asking price is $1,030,000, representing a fee simple ownership of both the building and land (condominium). Rent bumps are included in the lease agreement. This turnkey investment offers a stable income stream and significant potential for future appreciation within a dynamic medical corridor. The property's location within the Palo Verde Business Park places it among other medical facilities including Hanger Clinic, C Care Cardiovascular Care Center, Early Bird Pediatric Therapy, Texas Medical and Psychiatric Associates PLLC, Your Life Chiropractic, and Lollopops2 Daycare & Learning Center.

Highlights

  • 0.38-acre lot (16,740 SF).
  • 4,032 SF building, constructed in 2022.
  • C-4 (Heavy Commercial) zoning.
  • 20 parking spaces (4.96 spaces/1,000 SF).
  • Located in Palo Verde Business Park, among medical offices and clinics including Hanger Clinic, Cardiovascular Care Center, and others.
  • High traffic counts: 23,521 VPD on Zaragoza Rd, 22,046 VPD on George Dieter Dr (TxDOT AADT 2023).

Property Details for 1351 Zaragoza Rd

Property type
Retail properties, Office properties
Square Feet
4,050 SF
Class
A
Year Built/Renovated
2022/2023
Buildings
1
Stories
1
Lot Size (sq. ft)
16,553 SF
Units
1

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.730354478186
Longitude
-106.29723695392

FAQs

What type of property is this?
Retail property - Fully occupied, NNN leased medical office.
Where is the retail property located?
The property is located at 1351 Zaragoza Rd El Paso, TX.
What is the asking price?
The asking price for this property is $1,030,000.
What are key features of this property?
This property features: 0.38-acre lot (16,740 SF).; 4,032 SF building, constructed in 2022.; C-4 (Heavy Commercial) zoning.
How can I contact the broker?
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1351 Zaragoza Rd
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