For Sale
$1,390,500

1525 Magoffin AveEl Paso, TX 79901

18,540 SF Warehouse, NNN Leaseback, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 18,540-square-foot industrial warehouse located at 1525 Magoffin Ave, El Paso, TX 79901. The property, classified as Class C, boasts a desirable distribution, flex, and R&D subtype, perfectly suited for a variety of uses. Built in 1950 and extensively renovated in 2021, this single-story building features a 16-foot ceiling height, one loading dock, and convenient drive-in access. Its strategic location in El Paso's central manufacturing district offers easy access to I-10 and downtown. The property includes a valuable rail spur, enhancing its logistical capabilities. Currently operating as a successful manufacturing business, the seller is offering a compelling sale-leaseback arrangement, with a proposed 5-year lease (plus a 5-year option) at $7,000 per month NNN. The property's strong financial performance is reflected in its $84,000 net operating income (NOI) and a 6.04% cap rate. The asking price is $1,390,500, with 2024 property taxes totaling $7,255.10. The property is zoned M1 and has an APN of C849-999-0700-2900. This is a rare opportunity to acquire a well-maintained, income-producing asset with significant upside potential in a thriving El Paso location.

Highlights

  • 18,540 SF warehouse with rail spur.
  • Excellent I-10 and Downtown El Paso location.
  • Sale-leaseback opportunity with NNN terms.
  • 2024 property taxes: $7,255.10.

Property Details for 1525 Magoffin Ave

Property type
Life science properties, Industrial properties
Square Feet
18,540 SF
Class
C
Year Built/Renovated
1950/2021
Stories
1

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7657131
Longitude
-106.4716981
1525 Magoffin Ave, El Paso, Texas

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1525 Magoffin Ave
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