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    1310 Murchison Dr El Paso, TX 79902

    Sponsored
    For Sale
    $3,560,000

    DaVita-leased, 8.26% CAP rate, strong tenant.

    Property size:
    10,803 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 10,803-square-foot medical office building in El Paso, Texas. The property is currently 100% occupied by DaVita, a leading national kidney care provider, under a triple-net (NNN) lease. The initial 15-year lease, commencing June 26, 2014, and expiring June 25, 2029, includes two five-year renewal options. The lease features favorable 10% rent increases every five years, with the next increase scheduled for June 2024. Built in 2014 as a build-to-suit for DaVita, this single-tenant property boasts a strong 8.26% capitalization rate and a current NOI of $294,112. Located at 1310 Murchison Dr, Suite 200, El Paso, TX 79902, on a 0.76-acre lot, the building enjoys excellent visibility and accessibility, situated near Interstate 10 and a major medical corridor. This prime location benefits from strong medical demographics and proximity to other healthcare facilities. The property's essential service nature and government-funded healthcare support provide a resilient investment opportunity. The asking price is $3,560,000, translating to $329.54 per square foot. This represents a compelling investment in a stable, high-demand sector of the commercial real estate market. The property's location within a thriving medical corridor, coupled with the long-term lease and built-in rent escalations, makes this an attractive offering for discerning investors.

    Property Features for 1310 Murchison Dr

    General Information

    Property type
    Medical offices
    Square Feet
    10,803 SF
    Lot Size
    33,106 SF

    Building Details

    Year Built
    2014
    Units
    1

    HighLights

    • 15‑year initial lease expiring June 2029.
    • Investment‑grade tenant (DaVita).
    • Essential outpatient dialysis service.
    • Disaster‑resistant investment.
    • 10% rent increase mid‑2024.
    • 2014 DaVita build‑to‑suit.
    Property Profile Location Intelligence

    Current Use by Public Records

    German Hernandez, MD Nephrologist Imaging & Interventional Specialists: ... Radiologist Simon Sergio Rodriguez Internist El Paso Vein ... Surgical Center Mr. Jorge Serna Nephrologist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Paso
    County
    El Paso
    State
    Texas
    Longitude
    -106.4859124
    Latitude
    31.7782342

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    FAQs

    What type of property is this?
    Medical office - DaVita-leased, 8.26% CAP rate, strong tenant.
    Where is this medical office located?
    The property is located at 1310 Murchison Dr El Paso, TX.
    What is the asking price?
    The asking price for this property is $3,560,000.
    What are key features of this property?
    This property features: 15-year initial lease expiring June 2029.; Investment-grade tenant (DaVita).; Essential outpatient dialysis service.
    Request Owner's contact information
    1310 Murchison Dr El Paso, TX 79902
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1310 Murchison Dr El Paso, TX 79902
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