1310 Murchison DrEl Paso, TX 79902

Property Details for 1310 Murchison Dr

Year built

2014

Lot size

0.76 AC

Property size (Sq ft)

10,803 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents a 10,803-square-foot medical office building in El Paso, Texas. The property is currently 100% occupied by DaVita, a leading national kidney care provider, under a triple-net (NNN) lease. The initial 15-year lease, commencing June 26, 2014, and expiring June 25, 2029, includes two five-year renewal options. The lease features favorable 10% rent increases every five years, with the next increase scheduled for June 2024. Built in 2014 as a build-to-suit for DaVita, this single-tenant property boasts a strong 8.26% capitalization rate and a current NOI of $294,112. Located at 1310 Murchison Dr, Suite 200, El Paso, TX 79902, on a 0.76-acre lot, the building enjoys excellent visibility and accessibility, situated near Interstate 10 and a major medical corridor. This prime location benefits from strong medical demographics and proximity to other healthcare facilities. The property's essential service nature and government-funded healthcare support provide a resilient investment opportunity. The asking price is $3,560,000, translating to $329.54 per square foot. This represents a compelling investment in a stable, high-demand sector of the commercial real estate market. The property's location within a thriving medical corridor, coupled with the long-term lease and built-in rent escalations, makes this an attractive offering for discerning investors.

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7782

Longitude

-106.486

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