5316 Paisano Avenue

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30285035
Property Subtypes: Retail-Pad
Status: Pending
Building Size (RSF): 4,800 SF
Gross Building Area: See Agent
Sale Price: $1,295,000
Unit Price: $269.79 PSF
Property Use Type: Investment
Sale Terms: Owner Financing, Build-to-Suit, Sale/Leaseback, Other
Cap Rate: 9.21%
Last Updated: 10/19/2018

Overview / Comments

This nine year old shopping center has three main tenants, a large ice dispensing machine and five temporary food truck tenants due tot he fact that it is next to the largest flea market in El Paso, TX. The gross income is $139,330.56.
There's a brand new tenant and insurance company that are moving in on February 5th, the tenants include: Easy Cleaning, Buen Salud Medical, Pronto Insurance, Del Cielo Ice House.
There is really not much to say about this property it is a simple deal in a good strip center in a great location. Next to it we have Fox Plaza, it is five minutes away from I-10 and ten minutes to Mexico.
It is also a couple of blocks away from University Medical Center which is an area that is being redeveloped.

Additional Details

Nearest MSA: El Paso
County: El Paso
Tax ID/APN: M321-999-0020-0100
Traffic/Vehicle Count: 20
Site Description: features: 24 hour availability Air Conditioning Bus Line Common Area Parking only Commuter Rail Out Parcel Pylon Sign Tenant Controlled HVAC
Area Description: 100% Full No problem leasing these spaces close to university medical center next to Fox Plaza flea market, extremely busy on weekends On the intersection of Paisano and Alameda Yearly income of $139,000 is located in prime property, close to the University Hospital at the entrance of the oldest flea market in El Paso

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 21,420 91,650 217,959
Median Age: 37.59 35.98 35.13
Households: 7,477 30,936 76,092

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