Commercial Strip Center For Sale

Shopping Center for Sale
Catylist Listing ID: 30282212
Property Subtypes: Fashion/Specialty, Free-Standing Store, Mixed Use, Strip Center
Building Size (RSF): 16,000 SF
Gross Land Area: 2 Acres
Sale Price: $2,200,000
Unit Price: $137.50 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Cap Rate: 6.5%
Last Updated: 11/1/2018

Overview / Comments

This is a very recently constructed strip center built in 2014. It shows great. It has 11,460 square feet. Presently there are 3,000 square feet vacant; please see attached rent roll. At 100% occupancy, this commercial strip center can bring $184,885.24 of yearly income.
The site is located in Fox Plaza, which is known as one of the first and most successful power centers and flea markets in the El Paso region.

The sale of this property includes 127 N Glenwood which is lies adjacent to this property (Legal description:3 ALAMEDA ACRES LOT 9 (43560.00 SQ FT).

127 N Glenwood has a vacant lot that is rented for $250.00 per month, a duplex that rents for $1,250.00 per month and a home/office that rents for $850.00 per month.

127 N Glenwood brings $27,575.00 per year; for a grand total of the two properties at approximately $213,020.24 yearly.

The property is located by the intersection of Paisano Dr and Alameda Ave; very close to Mexico and the University Medical Center.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: A438-999-0030-6600
Zoning: R-MU
Retail Clientele: General, Other
Largest Nearby Street: Paisano Dr and Alameda Ave;
Site Description: 87,120 SF Land Area. (GLA 16,000 SF). Multi-tenant strip center. Two investment properties included. Very stable and traditional area of El Paso. Next to the largest flea market in El Paso. Close to University Medical Center and International Port of Entry. Built in 2009, If the vacant 3,000 Sq. Ft are leased, then there will be more than a 10% return.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2013
Roof Type: Flat
Construction/Siding: Stucco
Exterior Description: Stucco
Zoning Description: R-MU
Legal Description: 3 ALAMEDA ACRES LOT 9 (43560.00 SQ FT).

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,711 94,312 216,938
Median Age: 37.07 36.07 35.13
Households: 7,526 31,889 75,042

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