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Warehouse W/Rail Spur NNN Sale Leaseback 1525 Magoffin Ave

18,540 SF Industrial Building El Paso, TX 79901 £1,098,509 (£59/SF) 6.04% Net Initial Yield

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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	£1,098,509	Rentable Building Area	18,540 SF
Price Per SF	£59	Number of Floors	1
Sale Type	Investment NNN	Year Built/Renovated	1950/2021
Net Initial Yield	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 Light Industrial Research & Development Industrial Manufacturing Light Industrial Light Distribution	Level Access Doors	2
Building Class	C	Cross Streets	N Lee
Lot Size	0.49 AC

Price	£1,098,509
Price Per SF	£59
Sale Type	Investment NNN
Net Initial Yield	6.04%
Sale Conditions	Sale & Leaseback
Property Type	Industrial
Property Subtype	Warehouse Light Industrial Research & Development Industrial Manufacturing Light Industrial Light Distribution
Building Class	C
Lot Size	0.49 AC
Rentable Building Area	18,540 SF
Number of Floors	1
Year Built/Renovated	1950/2021
Tenancy	Single
Clear Ceiling Height	16 ft
No. Dock-High Doors/Loading	1
Level Access Doors	2
Cross Streets	N Lee