7320 Alameda Ave El Paso, TX 79915

This exceptional investment opportunity presents a fully leased, 15,600-square-foot multi-tenant warehouse complex in El Paso, Texas. Situated on a 2.56-acre lot at 7320 Alameda Ave, 79915, this property comprises two buildings (approximately 10,000 SF and 5,600 SF) with a diverse tenant mix under modified gross leases. Currently boasting 100% occupancy since January 1, 2023, the property generates a current NOI of $153,000, with a pro-forma NOI of $189,000. The asking price is $1,975,000, representing a 7.75% cap rate and a pro-forma cap rate of 9.57%. The property features four dock-high doors, 24-foot ceilings, and ample parking (5.45 spaces per 1,000 sq ft). Built in 1979, the property is zoned C3 CCD, allowing for a variety of uses. The current leases have a remaining term of approximately 1.1 years (expiring December 31, 2025), presenting a value-add opportunity with potential for significant rent increases upon lease renewal. Tenants are credit-rated and have expressed interest in long-term occupancy. The property benefits from its strategic location near major highways and the international airport, serving a population exceeding 985,000. This presents a compelling investment in a growing market with low labor costs and high consumer spending. The property includes perimeter fencing with double entry gates on Alameda Ave and Durrill Rd.