1800 Mesa St El Paso, TX 79902
- Office Properties & Spaces
- 18,283 SF
Current Use by Public Records
- Gutknecht Michael MD / Radiologist
- Mayra Melendez, FNP-C / Nurse Practitioner
- Sonia Rebeles, MD / Obstetrician-Gynecologist
- Dr. Shawn R. Gorden, MD / Obstetrician-Gynecologist
- Dr. Bruce P. Foreman, MD / Doctor
Property Details for 1800 Mesa St
- Property size
- 18,283 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class A, 18,283-square-foot medical office building in El Paso, Texas, presents a compelling investment opportunity. Located at 1800 N. Mesa St., this fee-simple property boasts a 100% occupancy rate with four tenants, averaging over 10 years of tenancy. The building, originally constructed in 1967 and extensively renovated in 2009, features two stories and sits on a 30,135-square-foot lot zoned A-O. The property includes 66 parking spaces, 14 of which are covered, providing ample parking for tenants and visitors. Tenet Health Corporation occupies a significant portion of the space (10,600 square feet). The building enjoys a high-profile location across from a major medical district, anchored by prominent hospitals, and benefits from high traffic counts exceeding 21,000 vehicles daily. Its strategic position at the signalized intersection of Mesa Street (State Highway 20) and Rim Road offers excellent visibility and accessibility. The property is minutes from the University of Texas at El Paso, downtown El Paso, and Interstate Highway 10. The asking price is $4,875,000, representing a compelling cap rate of 6.81% and a price per square foot of $266.64. The Net Operating Income (NOI) is $332,000, reflecting the strong financial performance of this stabilized investment. This is a NNN lease type.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.497
- Latitude
- 31.7706
