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1310 Murchison Dr

10,803 SF Medical Unit Offered at £2,792,500 in El Paso, TX 79902

Investment Highlights

  • Investment Grade Tenant
  • 2014 Build-to-Suit for DaVita
  • Short Distance From Health Center and Major Medical Corridor
  • Essential Dialysis Outpatient Service
  • Conveniently Located With Proximity to Interstate 10
  • Texas Boasts No Income Tax and Top Growth Figures Nationwide

Executive Summary

The subject property is a 2014 DaVita build-to-suit clinic which measures 10,803 square feet. DaVita signed a 15-year, NNN, corporate guaranteed lease which commenced on June 26, 2014 and expires June 25, 2029 with two five-year options to extend. The lease calls for favorable increases of 10% every five years, with the next increase taking place in June 2024. For more than 40 years, DaVita has been on the leading edge of kidney care and continues to innovate and grow in order to save the lives of its patients. DaVita is the country’s largest kidney care provider, with a vast renal care network that performs over 2,500,000 dialysis treatments every month in over 3,100 dedicated clinics. A short distance from US Interstate 10, this property features great visibility, convenience, and easy access with exposure to excellent traffic counts. The site is located in close proximity to a major medical corridor of West Central El Paso, making the location very convenient for medical patients throughout the El Paso municipal area. The nearby medical presence includes names and centers such as The Hospitals of Providence Sierra, Buena Vista Eye Care, Texas Tech Physicians of El Paso Pediatrics, Southwest NeuroSpine Institute, Imaging & Interventional Specialists, A Center of The Heart, showing the value that this property has long-term from a medical office standpoint.

Data Room Click Here to Access

Property Facts

Price £2,792,500
Unit Size 10,803 SF
No. Units 1
Total Building Size 17,138 SF
Property Type Office (Unit)
Property Subtype Medical
Sale Type Investment NNN
Building Class B
Number of Floors 1
Typical Floor Size 17,138 SF
Year Built 2014
Lot Size 1.21 AC
Parking Ratio 2.04/1,000 SF

1 Unit Available

Unit 200

Unit Size 10,803 SF
Price £2,792,500
Price Per SF £258.49
Unit Use Medical
Sale Type Investment
Net Initial Yield 8.26%
NOI £230,704.39
Description

A short distance from US Interstate 10, this property features great visibility, convenience, and easy access with exposure to excellent traffic counts. The site is located in close proximity to a major medical corridor of West Central El Paso, making the location very convenient for medical patients throughout the El Paso municipal area. The nearby medical presence includes names and centers such as The Hospitals of Providence Sierra, Buena Vista Eye Care, Texas Tech Physicians of El Paso Pediatrics, Southwest NeuroSpine Institute, Imaging & Interventional Specialists, A Center of The Heart, showing the value that this property has long-term from a medical office standpoint.

Sale Notes

The subject property is a 2014 DaVita build-to-suit clinic which measures 10,803 square feet. DaVita signed a 15-year, NNN, corporate guaranteed lease which commenced on June 26, 2014 and expires June 25, 2029 with two five-year options to extend. The lease calls for favorable increases of 10% every five years, with the next increase taking place in June 2024.

For more than 40 years, DaVita has been on the leading edge of kidney care and continues to innovate and grow in order to save the lives of its patients. DaVita is the country’s largest kidney care provider, with a vast renal care network that performs over 2,500,000 dialysis treatments every month in over 3,100 dedicated clinics.

zoning

Zoning Code R4
R4
  • Listing ID: 31905134

  • Date on Market: 23/05/2024

  • Last Updated:

  • Address: 1310 Murchison Dr, El Paso, TX 79902

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