The Courtyard | 7500 Viscount Blvd
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The Courtyard 7500 Viscount Blvd
81,745 SF 99% Leased Office Building El Paso, TX 79925 For Sale 9% Cap Rate
Executive Summary
"The Courtyard” is a multi-story, multi-tenant professional office building with a large ground level parking lot located at 7500 Viscount El Paso, Texas 79925. In the heart of El Paso, this prime property offers character and prestige to its many tenants. The property features beautiful artwork, remodeled common areas, and an outdoor courtyard space for the tenants and visitors. Lush landscaping and other amenities including an outdoor courtyard, an on site walk up snack bar and seating areas are provided for the best tenant experience, all within walking distance from multiple retail food establishments and large retailers such as Sam's Club and Walmart. Next to Cielo Vista Mall and the Fountains at Farah the property location provides for food, entertainment and shopping all in the close surrounding area.
The Courtyard is a staple property in El Paso. The property has 81,745 gross square feet & approximately 72,585 rentable square feet. The building was originally built in 1980 and completely remodeled in Q3 of 2021 through a continuing remodel for 2022.
Over $2,000,000 in the last three years have been spent to completely renovate, remodel, and to create additional value to the property for years to come. The vacant suites and common areas have been completely remodeled to include new ceilings, LED Lighting inside and outside the premises, new flooring, artwork, remodeled elevator cabs, new restrooms and additional improvements throughout the common areas of the property. The property is a prime investment for a buyer with a diverse tenant mix and a desire for upside and with excellent future cash flows.
The Courtyard is a staple property in El Paso. The property has 81,745 gross square feet & approximately 72,585 rentable square feet. The building was originally built in 1980 and completely remodeled in Q3 of 2021 through a continuing remodel for 2022.
Over $2,000,000 in the last three years have been spent to completely renovate, remodel, and to create additional value to the property for years to come. The vacant suites and common areas have been completely remodeled to include new ceilings, LED Lighting inside and outside the premises, new flooring, artwork, remodeled elevator cabs, new restrooms and additional improvements throughout the common areas of the property. The property is a prime investment for a buyer with a diverse tenant mix and a desire for upside and with excellent future cash flows.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
81,745 SF
Building Class
B
Year Built/Renovated
1980/2003
Cap Rate
9%
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
23,834 SF
Slab To Slab
12’
Building FAR
0.61
Lot Size
3.08 AC
Zoning
C-3 - Community Commercial
Parking
228 Spaces (3.19 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Convenience Store
- Courtyard
- Signage
- Accent Lighting
- Partitioned Offices
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | Y799-999-0020-0100 | Improvements Assessment | $2,228,915 |
| Land Assessment | $1,204,375 | Total Assessment | $3,433,290 |
PROPERTY TAXES
Parcel Number
Y799-999-0020-0100
Land Assessment
$1,204,375
Improvements Assessment
$2,228,915
Total Assessment
$3,433,290
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The Courtyard | 7500 Viscount Blvd
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