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1310 Murchison Dr 10,803 SF Medical Condo Unit Offered at $4,613,516 CAD in El Paso, TX 79902
INVESTMENT HIGHLIGHTS
- Investment Grade Tenant
- 2014 Build-to-Suit for DaVita
- Short Distance From Health Center and Major Medical Corridor
- Essential Dialysis Outpatient Service
- Conveniently Located With Proximity to Interstate 10
- Texas Boasts No Income Tax and Top Growth Figures Nationwide
EXECUTIVE SUMMARY
The subject property is a 2014 DaVita build-to-suit clinic which measures 10,803 square feet. DaVita signed a 15-year, NNN, corporate guaranteed lease which commenced on June 26, 2014 and expires June 25, 2029 with two five-year options to extend. The lease calls for favorable increases of 10% every five years, with the most recent increase taking place in June 2024. For more than 40 years, DaVita has been on the leading edge of kidney care and continues to innovate and grow in order to save the lives of its patients. DaVita is the country’s largest kidney care provider, with a vast renal care network that performs over 2,500,000 dialysis treatments every month in over 3,100 dedicated clinics. A short distance from US Interstate 10, this property features great visibility, convenience, and easy access with exposure to excellent traffic counts. The site is located in close proximity to a major medical corridor of West Central El Paso, making the location very convenient for medical patients throughout the El Paso municipal area. The nearby medical presence includes names and centers such as The Hospitals of Providence Sierra, Buena Vista Eye Care, Texas Tech Physicians of El Paso Pediatrics, Southwest NeuroSpine Institute, Imaging & Interventional Specialists, A Center of The Heart, showing the value that this property has long-term from a medical office standpoint.
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PROPERTY FACTS
| Total Building Size | 17,138 SF | Typical Floor Size | 17,138 SF |
| Property Type | Office (Condo) | Year Built | 2014 |
| Property Subtype | Medical | Lot Size | 1.21 AC |
| Building Class | B | Parking Ratio | 2.04/1,000 SF |
| Floors | 1 | ||
| Zoning | R4 - single-family homes and duplexes on medium-sized lots | ||
| Total Building Size | 17,138 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 17,138 SF |
| Year Built | 2014 |
| Lot Size | 1.21 AC |
| Parking Ratio | 2.04/1,000 SF |
| Zoning | R4 - single-family homes and duplexes on medium-sized lots |
1 UNIT AVAILABLE
Unit 200
| Unit Size | 10,803 SF | Sale Type | Investment |
| Price | $4,613,516 CAD | Cap Rate | 8.90% |
| Price Per SF | $427.06 CAD | NOI | $410,556.83 CAD |
| Condo Use | Medical |
| Unit Size | 10,803 SF |
| Price | $4,613,516 CAD |
| Price Per SF | $427.06 CAD |
| Condo Use | Medical |
| Sale Type | Investment |
| Cap Rate | 8.90% |
| NOI | $410,556.83 CAD |
DESCRIPTION
A short distance from US Interstate 10, this property features great visibility, convenience, and easy access with exposure to excellent traffic counts. The site is located in close proximity to a major medical corridor of West Central El Paso, making the location very convenient for medical patients throughout the El Paso municipal area. The nearby medical presence includes names and centers such as The Hospitals of Providence Sierra, Buena Vista Eye Care, Texas Tech Physicians of El Paso Pediatrics, Southwest NeuroSpine Institute, Imaging & Interventional Specialists, A Center of The Heart, showing the value that this property has long-term from a medical office standpoint.
SALE NOTES
The subject property is a 2014 DaVita build-to-suit clinic which measures 10,803 square feet. DaVita signed a 15-year, NNN, corporate guaranteed lease which commenced on June 26, 2014 and expires June 25, 2029 with two five-year options to extend. The lease calls for favorable increases of 10% every five years, with the most recent increase taking place in June 2024.
For more than 40 years, DaVita has been on the leading edge of kidney care and continues to innovate and grow in order to save the lives of its patients. DaVita is the country’s largest kidney care provider, with a vast renal care network that performs over 2,500,000 dialysis treatments every month in over 3,100 dedicated clinics.
NNN TENANT INFORMATION
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| DaVita Kidney Care |
-
|
May 2029
|
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1310 Murchison Dr
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