Industrial Flex Facility with Cold
For Sale
Contact for pricing
6969 Market Ave, El Paso, TX 79915
Office, warehouse, and refrigerated storage components serve logistics, distribution, and manufacturing operations.
Property Size43,469 SF
Lot Size2.29 Acres
Price / SF$77.07
Days on Market767
Property Features for 6969 Market Ave
General Information
Standard status
Active
Size
43,469 SF
Class
C
Lot size
2.29 Acres
Property subtype
Industrial
Zoning
M1-SC
Additional Details
Cold Storage
Yes
Building Details
Year Built
1963
Buildings
1
Stories
2
Building Size
43,469 SF
Listing Agency:
The Folmer Commercial Group
Listed By:
Sylvia Folmer Duncan · License #TX 639148
Source:
Crexi
Added: Sep 11, 2024
Changed: Oct 7
Last Checked: Oct 16 at 7:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Folmer Commercial Group
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Investment Insights
Based on property information with market context.
This flex property combines office, warehouse, and cold storage improvements across 43,469 square feet on 2.29 acres. The configuration supports businesses requiring a mix of administrative space, general storage, and temperature-controlled capacity within one facility.
Positioned in El Paso’s Hawkins industrial area, the property is located at 6969 Market Ave in the 79915 postal zone. The seller will lease back the facility through August 2025, providing a defined occupancy arrangement for the acquisition.
Positioned in El Paso’s Hawkins industrial area, the property is located at 6969 Market Ave in the 79915 postal zone. The seller will lease back the facility through August 2025, providing a defined occupancy arrangement for the acquisition.
Key Highlights
- 43,469 square feet of combined office, warehouse, and cold storage space
- 2.29‑acre industrial property in El Paso’s Hawkins industrial area
- Temperature‑controlled storage component included in the facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$252,995
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,059,900
$5.1M
Cap Rate 7%
$3,614,214
$3.6M
Cap Rate 9%
$2,811,056
$2.8M
Market Conditions
NOI Build-Up for 43,469 SF
Gross rent
$433.0K $9.96/SF
− Vacancy
−$43.7K −$1.01/SF
EGI
$389.2K $8.95/SF
− OpEx
−$136.2K −$3.13/SF
NOI
$253.0K $5.82/SF
Area
El Paso, TX
Vacancy
10.10%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,059,900
Cap Rate 7%
$3,614,214
Cap Rate 9%
$2,811,056
Alternative Uses
Best Use
Office B
$7.86M
$6.88M – $9.17M
NOI $550,248 @ 7.0% cap · market cap 16.43%
Second Best
Flex RnD
$3.61M
$3.16M – $4.22M
NOI $252,995 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$10.91M
$9.54M – $12.72M
NOI $763,375 @ 7.0% cap · market cap 22.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 79915, TX
35,234
Population
14,139
Households
2.5
Avg Household Size
41
Median Age
13%
College-Educated
68%
High-School Grad
8.9 sq mi
ZIP Area
3,959
Density / Sq Mi
$35,938
Median Household Income
$25,400
Median Earnings
$808
Median Rent
$117,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in El Paso, TX
Similar Off Market Nearby
- Around the World Catering Service — (Leasing Office, 7900 Knights Dr, El Paso, TX 79915
- Luby's — 1188 Hawkins Blvd, El Paso, TX 79925
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, and refrigerated storage components serve logistics, distribution, and manufacturing operations.
Where is this flex space located?
The property is located at 6969 Market Ave El Paso, TX.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 43,469 square feet of combined office, warehouse, and cold storage space; 2.29‑acre industrial property in El Paso’s Hawkins industrial area; Temperature‑controlled storage component included in the facility
