Property Highlights:
100% Leased to 4 medical tenants with 10+ year average tenancy
Tenet Health Corporation (NYSE: THC) occupies 10,600 square feet
Sixty-six (66) dedicated parking stalls including 14 covered stalls
High Profile and Prime Location across the street from 32-acre medical district anchored by Las Palmas Medical Center and The Hospitals of Providence – Memorial Campus
Property sits at signalized high traffic corner site at Mesa St (State Hwy 20) and Rim Rd.
Minutes from University of Texas at El Paso, Downtown El Paso (El Paso’s central business district) and Interstate Highway 10.
Deal points:
Sales Price: $5,100,000.00
Net Operating Income: $332,000.00
Capitalization Rate: 6.50%