5130 Gateway BlvdEl Paso, TX 79905

Property Details for 5130 Gateway Blvd

Year built

2015

Lot size

2.93 AC

Property size (Sq ft)

55,349 SF

Zone code

SCZ

Property type

Office properties

Property subtype

Office buildings

APN

C712-999-0010-01A0

APU

C712999001001A0

Description

This exceptional 6,970-square-foot wet lab sublease is situated on the third floor of the Medical Center of the Americas (MCA) Tech Park building in El Paso, Texas. The space boasts a BSL-2 rating and is part of a larger 60,000-square-foot building situated on 9.94 acres. This single-tenant space offers immediate access to a comprehensive suite of amenities, including ample parking, all included in the lease. The property's location within the MCA campus provides a vibrant and collaborative environment, ideal for life sciences research and biomedical ventures. The MCA campus is a thriving hub for healthcare professionals, researchers, and entrepreneurs, benefiting from its strategic location in a bi-national region with over 2.7 million residents. This prime El Paso location, near the U.S.-Mexico border, offers unparalleled access to a diverse talent pool and significant market opportunities within the healthcare and life sciences sectors. The sublease provides a fully equipped, ready-to-occupy wet lab space, designed to foster productivity and innovation. The building's design and amenities are focused on creating a convenient and enjoyable work environment, maximizing efficiency and collaboration for tenants. This is a rare opportunity to secure a high-quality wet lab space in a dynamic and rapidly growing area. The address is 5130 Gateway Blvd E, El Paso, TX 79905.

• CAP approach

  CAP return

  Valuation

  6%

  $5,484,200

  6.5%

  $5,062,339

  7%

  $4,700,743

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,210,074

  Geo Method

  $9,210,074

• Alternative Use

  Use

  Valuation

  Residential

  $6,277,300

  Hospitality

  $5,749,973

  Educational

  $4,783,910

  Medical

  $4,948,436

  Retail

  $7,441,638

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7764

Longitude

-106.429

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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