313 Stanton St El Paso, TX 79901
- Medical offices
- 34,357 SF
- 0.29 lot acres
Current Use by Public Records
- KEDPLASMA El Paso - Stanton St / Blood Bank
Property Details for 313 Stanton St
- Year built
- 1949
- Lot size
- 0.29 lot acres
- Property size
- 34,357 SF
- Zone code
- C-5
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- M473-999-0360-0100
- APU
- M47399903600100
Description
This investment opportunity presents a 34,357 square-foot, single-tenant net-leased medical office building in downtown El Paso, Texas. The property is 100% occupied by KEDPLASMA, a leading global plasma collection company, under a lease commencing November 1, 2018, and expiring October 31, 2033, with three 5-year renewal options. The lease includes a 10% rent increase every five years. The building, constructed in 1949, sits on a 0.29-acre lot at a high-traffic intersection in a densely populated area, boasting over 26,200 vehicles per day on Paisano Drive and proximity to Interstate 10 (187,000 VPD). The location benefits from its proximity to the University of Texas at El Paso (24,000 students) and The Hospitals of Providence Memorial (500-bed hospital), serving a population of over 108,000 within a five-mile radius (excluding Ciudad Juárez). Ciudad Juárez, with its 1.5 million residents, further enhances the property's market potential. The average household income within five miles is $57,768. The property offers a strong 7.50% cap rate and a substantial net operating income (NOI) of $262,992, making it an attractive investment in a tax-free state. The asking price is $3,506,560. This is an e-commerce resistant, essential business with a long-term lease and significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.485
- Latitude
- 31.756
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
