Investment Opportunity

Industrial for Sale
Catylist Listing ID: 30348905
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Net Leased, Warehouse/Distribution
Building Size (RSF): 153,241 SF
Gross Building Area: See Agent
Gross Land Area: 12.50 Acres
Sale Price: See Agent
Docks/Doors: 35 Doors
Office SF: 8,241 SF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 11/8/2018

Overview / Comments

El Paso is experiencing record low vacancy and significant rent growth. Net absorption in the first half of 2017 outpaced all of 2016, which was a strong year for El Paso. Fundamentals remain at record levels heading into the second half of 2017.

Attachments & Media

Additional Details

Nearest MSA: El Paso
County: El Paso
Site Description: The property features a ground lease that is in-place through February 2025, with a 10-year renewal option. The entire 6.9 million SF Butterfield Trail Industrial Park sits on a ground lease with the City of El Paso and all individual ground leases have been successfully renewed as desired by the lessee.
Area Description: Butterfield Trail is a 6.9 million SF master-planned industrial park with an all-time low vacancy rate of 3.9%.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 153,241 SF
Property Condition: Good
Year Built: 1985
Year Renovated: 2016
Parking Description: Trailer Parking: ± 150
Sprinklers: Wet
Interior Description: Fire Suppression: Class IV HVAC Equipment: New Expansion: up to ± 240,000 sq. ft.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 65,755 242,056
Median Age: 34.03 34.29
Households: 21,298 82,018

Contact

Photograph of Listing Agent

Christian Perez Giese

CBRE Border CIE Member
Photograph of Listing Agent

Anthony Mash

CBRE, Inc. Border CIE Member
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