15K SF Warehouse | 7320 Alameda Ave
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15K SF Warehouse 7320 Alameda Ave
15,600 SF 100% Leased Industrial Building El Paso, TX 79915 $1,975,000 ($127/SF) 7.75% Cap Rate
Investment Highlights
- Value Add Opportunity
- Diverse Tenant Mix
- Building: (1) ±10,000 SF & (2) ±5,600 SF
- 100% Leased
- Short Term Leases
- Modified Gross Lease Structure
Executive Summary
Seller has approved price reduction to to under $2M- Priced to close by Year end. Seller says sell!
Take advantage of this value-add opportunity with a fully leased 15,600 SF warehouse in El Paso, Texas. Located at 7320 Alameda Ave, El Paso, TX 79915, this property features a diverse tenant mix with short-term leases, across 2.56 acre of perimeter fencing with double entry gates on Alameda Ave. and Durrill rd. The current annual rent of $189,000 offers immediate income with potential for growth. Tenants want to stay long term and have verbally committed to signing new leases with Buyer.
See DD for C3 Community Commercial District Zoning
Example of some of the allowed uses:
Industrial equipment repair
Concrete mixing or batching plant
Contractor yard (small)
Material sales for Building and construction
Automobile, Truck, Bus, & Boat sales, parts, service, rentals, and storage
Borrow pit (related to construction operations)
Carwash full or self service
Positioned strategically in El Paso, just minutes away from major highways and the international airport, this property presents convenient access for tenants and visitors. The surrounding area boasts a population of over 985,000 people and is known for its lower labor costs compared to the US average.
Don’t miss out on this prime investment opportunity in a bustling market with projected job growth and significant consumer spending.
Kyle Matthews
License No. 9005919
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Take advantage of this value-add opportunity with a fully leased 15,600 SF warehouse in El Paso, Texas. Located at 7320 Alameda Ave, El Paso, TX 79915, this property features a diverse tenant mix with short-term leases, across 2.56 acre of perimeter fencing with double entry gates on Alameda Ave. and Durrill rd. The current annual rent of $189,000 offers immediate income with potential for growth. Tenants want to stay long term and have verbally committed to signing new leases with Buyer.
See DD for C3 Community Commercial District Zoning
Example of some of the allowed uses:
Industrial equipment repair
Concrete mixing or batching plant
Contractor yard (small)
Material sales for Building and construction
Automobile, Truck, Bus, & Boat sales, parts, service, rentals, and storage
Borrow pit (related to construction operations)
Carwash full or self service
Positioned strategically in El Paso, just minutes away from major highways and the international airport, this property presents convenient access for tenants and visitors. The surrounding area boasts a population of over 985,000 people and is known for its lower labor costs compared to the US average.
Don’t miss out on this prime investment opportunity in a bustling market with projected job growth and significant consumer spending.
Kyle Matthews
License No. 9005919
(866) 889-0550
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave.,
Ste. 750, Dallas, TX 75225
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$189,000
|
$12.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,000
|
$12.12
|
| Taxes |
$28,754
|
$1.84
|
| Operating Expenses |
$7,600
|
$0.49
|
| Total Expenses |
$36,354
|
$2.33
|
| Net Operating Income |
$152,646
|
$9.79
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $189,000 |
| Annual Per SF | $12.12 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $189,000 |
| Annual Per SF | $12.12 |
| Taxes | |
|---|---|
| Annual | $28,754 |
| Annual Per SF | $1.84 |
| Operating Expenses | |
|---|---|
| Annual | $7,600 |
| Annual Per SF | $0.49 |
| Total Expenses | |
|---|---|
| Annual | $36,354 |
| Annual Per SF | $2.33 |
| Net Operating Income | |
|---|---|
| Annual | $152,646 |
| Annual Per SF | $9.79 |
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Shallow Bay
- Yard
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Central West Express
- Services
- 1,500 SF
- $12.00
- Modified Gross
- Dec 2024
- M 724 Granite
- Construction
- 5,600 SF
- $5.89
- Modified Gross
- Jan 2025
- Misioneros, Inc
- Transportation and Warehousing
- 7,000 SF
- $17.14
- Modified Gross
- Dec 2025
- R and A Lube
- Services
- 1,500 SF
- $12.00
- Modified Gross
- Jan 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Central West Express | Services | 1,500 SF | $12.00 | Modified Gross | Dec 2024 | |
| M 724 Granite | Construction | 5,600 SF | $5.89 | Modified Gross | Jan 2025 | |
| Misioneros, Inc | Transportation and Warehousing | 7,000 SF | $17.14 | Modified Gross | Dec 2025 | |
| R and A Lube | Services | 1,500 SF | $12.00 | Modified Gross | Jan 2025 |
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PROPERTY TAXES
| Parcel Number | Y805-999-024B-1885 | Total Assessment | $936,167 |
| Land Assessment | $264,898 | Annual Taxes | $28,754 ($1.84/SF) |
| Improvements Assessment | $671,269 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
Y805-999-024B-1885
Land Assessment
$264,898
Improvements Assessment
$671,269
Total Assessment
$936,167
Annual Taxes
$28,754 ($1.84/SF)
Tax Year
2023
zoning
| Zoning Code | C3 (See DD for C3 Community Commercial District Zoning) |
| C3 (See DD for C3 Community Commercial District Zoning) |
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15K SF Warehouse | 7320 Alameda Ave
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