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Warehouse W/Rail Spur NNN Sale Leaseback 1525 Magoffin Ave

18,540 SF Industrial Building El Paso, TX 79901 $1,390,500 ($75/SF) 6.04% Cap Rate

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Investment Highlights

18,540 Square Feet Warehouse with Rail Spur Access
Great Sale Leaseback NNN Opportunity

Close Proximity to I-10 and Downtown El Paso
2024 Taxes: $7255.10

Executive Summary

Owner operated manufacturing company with established sales and no signs of slowing down! This is an excellent NNN investment opportunity with a great asset established in the heart of the manufacturing district in Central El Paso. Property features over 18,000 SF of building area, with one dock high door and two drive-in doors. Property has rail spur access and has been recently renovated as of 2021. Seller is willing to sign a 5-year leaseback with an additional option of 5 years with rent starting at $7,000.00 per month NNN. Swamp cooling in warehouse and refrigerated in office.
BY APPOINTMENT ONLY, DO NOT BOTHER TENANTS.

1525 Magoffin Survey

Property Facts

Price	$1,390,500	Rentable Building Area	18,540 SF
Price Per SF	$75	No. Stories	1
Sale Type	Investment NNN	Year Built/Renovated	1950/2021
Cap Rate	6.04%	Tenancy	Single
Sale Conditions	Sale Leaseback	Clear Ceiling Height	16 FT
Property Type	Industrial	No. Dock-High Doors/Loading	1
Property Subtype	Warehouse Flex Research & Development Industrial Manufacturing FlexLight Distribution	No. Drive In / Grade-Level Doors	2
Building Class	C	Cross Streets	N Lee
Lot Size	0.49 AC

Price	$1,390,500
Price Per SF	$75
Sale Type	Investment NNN
Cap Rate	6.04%
Sale Conditions	Sale Leaseback
Property Type	Industrial
Property Subtype	Warehouse Flex Research & Development Industrial Manufacturing FlexLight Distribution
Building Class	C
Lot Size	0.49 AC
Rentable Building Area	18,540 SF
No. Stories	1
Year Built/Renovated	1950/2021
Tenancy	Single
Clear Ceiling Height	16 FT
No. Dock-High Doors/Loading	1
No. Drive In / Grade-Level Doors	2
Cross Streets	N Lee