For Sale
$1,390,500

1525 Magoffin Ave El Paso, TX 79901

18,540 SF Warehouse, NNN Leaseback, High ROI

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
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

FAQs

What type of property is this?
Life science property - 18,540 SF Warehouse, NNN Leaseback, High ROI
Where is the life science property located?
The property is located at 1525 Magoffin Ave El Paso, TX.
What is the asking price?
The asking price for this property is $1,390,500.
What are key features of this property?
This property features: 18,540 SF warehouse with rail spur.; Excellent I-10 and Downtown El Paso location.; Sale-leaseback opportunity with NNN terms.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1525 Magoffin Ave
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