1310 Murchison Dr El Paso, TX 79902

Property Details for 1310 Murchison Dr

Year built

2014

Lot size

0.76 lot acres

Property size

10,803 SF

Property type

Office properties & Spaces

Property subtype

Medical Office Space

Description

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.