313 Stanton StEl Paso, TX 79901

Property Details for 313 Stanton St

Year built

1949

Lot size

0.29 AC

Property size (Sq ft)

34,357 SF

Zone code

C-5

Property type

Medical offices

Property subtype

Medical centers

APN

M473-999-0360-0100

APU

M47399903600100

Description

This investment opportunity presents a 34,357 square-foot, single-tenant net-leased medical office building in downtown El Paso, Texas. The property is 100% occupied by KEDPLASMA, a leading global plasma collection company, under a lease commencing November 1, 2018, and expiring October 31, 2033, with three 5-year renewal options. The lease includes a 10% rent increase every five years. The building, constructed in 1949, sits on a 0.29-acre lot at a high-traffic intersection in a densely populated area, boasting over 26,200 vehicles per day on Paisano Drive and proximity to Interstate 10 (187,000 VPD). The location benefits from its proximity to the University of Texas at El Paso (24,000 students) and The Hospitals of Providence Memorial (500-bed hospital), serving a population of over 108,000 within a five-mile radius (excluding Ciudad Juárez). Ciudad Juárez, with its 1.5 million residents, further enhances the property's market potential. The average household income within five miles is $57,768. The property offers a strong 7.50% cap rate and a substantial net operating income (NOI) of $262,992, making it an attractive investment in a tax-free state. The asking price is $3,506,560. This is an e-commerce resistant, essential business with a long-term lease and significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $3,404,229

  6.5%

  $3,142,365

  7%

  $2,917,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,717,005

  Geo Method

  $5,717,005

• Alternative Use

  Use

  Valuation

  Residential

  $3,896,533

  Hospitality

  $3,569,203

  Educational

  $2,969,535

  Medical

  $3,071,662

  Retail

  $4,619,277

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.756

Longitude

-106.485

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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