OFFICE BUILDING

Office for Sale
Catylist Listing ID: 30651722
Property Subtypes: Governmental, Office Building
Building Size (RSF): 17,077 SF
Sale Price: $1,800,000
Unit Price: $105.40 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Class of Space: Class C
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/8/2020

Overview / Comments

The subject property is a 17,077 Sq. Ft. Stand-alone building leased to the State of Texas, Health and Human Services with a 5 year lease in place.

Tenant has been occupying this property since January of 1996 with an original 10-year lease and have gone through several renewals.

The property is located at the intersection of Lomaland Dr. and Interstate-10 just behind the Social Security Administration office and the David Carrasco Job Corps training school and it is surrounded by industrial, retail and residential developments. El Paso is a city and the county seat of El Paso County, Texas, United States, in the far western part of the state. The 2018 population estimate for the city from the U.S. Census was 682,669 making it the 22nd largest city in the United States. Its metropolitan area covers all of El Paso and Hudspeth counties in Texas, and has a population of 840,758.

El Paso stands on the Rio Grande across the Mexico-United States border from Ciudad Juarez, the most populous city in the Mexican state of Chihuahua with 1.4 million people. Las Cruces, in the neighboring U.S. state of New Mexico, has a population of 215,579. On the U.S. side, the El Paso metropolitan area forms part of the larger El Paso-Las Cruces combined statistical area, with a population of 1,060,397.

Bi-nationally, these three cities form a combined international metropolitan area sometimes referred to as the Paso del Norte or the Borderplex. The region of 2.5 million people constitutes the largest bilingual and bi-national workforce in the Western Hemisphere.

The city is home to three publicly traded companies, and former Western Refining, now Andeavor as well as home to the Medical Center of the Americas, the only medical research and care provider complex in West Texas and Southern New Mexico, and the University of Texas at El Paso, the city's primary university. The city hosts the annual Sun Bowl college football post-season game, the second oldest bowl game in the country.

El Paso has a strong federal and military presence. William Beaumont Army Medical Center, Biggs Army Airfield, and Fort Bliss call the city home. Fort Bliss is one of the largest military complexes of the United States Army and the largest training area in the United States. Also headquartered in El Paso are the DEA domestic field division 7, El Paso Intelligence Center, Joint Task Force North, United States Border Patrol El Paso Sector, and the U.S. Border Patrol Special Operations Group. In 2010 and 2018, El Paso received an All-America City Award. El Paso ranked in the top three safest large cities in the United States between 1997 and 2014,[15] including holding the title of safest city between 2011 and 2014.

Attachments & Media

Current Tenants

Tenant Business Name Texas Health & Human Services Commission

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: D46999900200400
Zoning: C-4 SC
Heat Source: Central
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,588 172,841 300,245
Median Age: 34.94 34.43 33.03
Households: 4,387 57,796 96,172

Contact

Photograph of Listing Agent

Sergio Tinajero

KW Commercial
Border CIE Member
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