7320 Alameda AveEl Paso, TX 79915

Property Details for 7320 Alameda Ave

Year built

1979

Lot size

2.56 AC

Property size (Sq ft)

9,898 SF

Zone code

C-3

Property type

Other commercial real estate

APN

Y805-999-024B-1885

APU

Y805999024B1885

Description

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.

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7442

Longitude

-106.382

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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