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KEDPLASMA 313 S Stanton St

34,357 SF Retail Building El Paso, TX 79901 £2,743,708 (£80/SF) 7.50% Net Initial Yield

Investment Highlights

  • Central location in Downtown El Paso
  • Proximity to Interstate 10 (187,000 VPD)
  • Ciudad Juárez is home to 1.5 million residents, many of which cross the border into El Paso daily
  • 9+ years remain on the primary lease term
  • Over 108,000 people live within a five-mile radius (Not inclusive of Ciudad Juárez population)
  • Less than five minutes from the University of Texas at El Paso (24,000 students) & The Hospitals of Providence Memorial (500-Bed)

Executive Summary

The Boulder Group is pleased to exclusively market for sale a single tenant net leased KEDPLASMA property located in El Paso, Texas. The tenant began occupying the space in 2018 with a 15-year lease that runs through October 2033. The subject lease contains 10% rental escalations throughout the primary term and three 5-year renewal options. Additionally, Texas is an income tax free state.
The 34,357 square-foot building benefits from its signalized hard corner position along Paisano Drive, which experiences over 26,200 vehicles per day and is located in downtown El Paso. The property also benefits from its proximity Interstate 10 which handles more than 187,000 vehicles per day. Interstate 10 also connects El Paso to San Antonio and Tucson. The subject is positioned less than a five-minute drive from the University of Texas at El Paso (24,000 students) and The Hospitals of Providence Memorial (500-Bed). There are over 108,0001 people living within a five-mile radius of the property that earn an average household income of $57,768. Additionally, El Paso’s neighboring city, Ciudad Juárez, has a population of over 1.5 million people. Many of these residents’ travel across the border to visit, work, and shop in El Paso.
KEDPLASMA is a prominent global leader in the collection of high-quality human plasma, operating over 70 plasma donation centers across the United States, and contributing to the collection of approximately 800,000 liters of plasma annually. As a subsidiary of Kedrion Biophar-ma, an Italian company with over 2,500 employees and a presence in more than 100 countries, KEDPLASMA plays a crucial role in supporting the treatment of rare and serious diseases, such as hemophilia, immune deficiencies, and other blood disorders.
1) Population is not inclusive of Ciudad Juárez population.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
34,357 SF
Building Class
C
Year Built
1949
Price
£2,743,708
Price Per SF
£80
Net Initial Yield
7.50%
NOI
£205,778
Tenancy
Single
Number of Floors
2
Building FAR
2.75
Lot Size
0.29 AC
Zoning
C-5
Frontage
138 ft on Paisano

Amenities

  • Bus Route
  • Corner Lot
  • Signage
  • Signalised Intersection
Walk Score ®
Walker's Paradise (94)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase Bank
Wells Fargo Bank
First American Bank
Sunflower Bank
PNC Bank
Starbucks
Bank of America
Ymca

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M473-999-0360-0100
Land Assessment
£546,839
Improvements Assessment
£2,670,536
Total Assessment
£3,217,375
  • Listing ID: 33114566

  • Date on Market: 09/09/2024

  • Last Updated:

  • Address: 313 S Stanton St, El Paso, TX 79901

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