For Sale
$2,750,000

10651 Loop Dr Socorro, TX 79927

High-Yield Retail Center in Texas

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 16,487 square foot shopping center in Socorro, Texas, presents a compelling investment opportunity. Located at 10651 N Loop Dr, 79927, this multi-tenant property boasts 100% occupancy across its five units, generating a strong 6.00% cap rate at the current rent. The property sits on a sizable 1.68-acre lot and is offered at an asking price of $2,750,000. The sale is structured as a 1031 exchange, providing significant tax advantages for qualified buyers. Long-term, stable tenants contribute to the consistent cash flow, making this a low-risk, high-reward investment. The property is exceptionally well-maintained and benefits from a very high traffic count, ensuring continued strong performance. Detailed financial information, including a rent roll, is available upon request. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a desirable Texas location. Don't miss out on this exceptional investment prospect.

Highlights

  • 16,487 SF shopping center in Socorro, TX, offering a 6.00% cap rate.
  • Located at 10651 N Loop Dr, 79927, on a 1.68-acre lot.
  • Fully occupied five-unit property, asking $2,750,000.
  • 1031 exchange eligible.
  • Strong, stable cash flow from long-term tenants.

Property Details for 10651 Loop Dr

Property type
Lifestyle centers, Power centers
Square Feet
16,487 SF
Lot Size (sq. ft)
73,181 SF
Units
5

Location Insight

City
Socorro
County
El Paso
State
Texas
Latitude
31.655685022159
Longitude
-106.27000895522

FAQs

What type of property is this?
Lifestyle center - High-Yield Retail Center in Texas
Where is the lifestyle center located?
The property is located at 10651 Loop Dr Socorro, TX.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 16,487 SF shopping center in Socorro, TX, offering a 6.00% cap rate.; Located at 10651 N Loop Dr, 79927, on a 1.68-acre lot.; Fully occupied five-unit property, asking $2,750,000.
How can I contact the broker?
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10651 Loop Dr
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