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19971734
19971733

313 S Stanton St, El Paso, TX 79901

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group
$3,506,560
153 days on market
Updated 40 days ago

KEDPLASMA

Details
Property Type Office, Retail
Sub Type Medical, Plasma
Square Footage 34,357
Cap Rate 7.5%
NOI $262,992
Occupancy 100%
Tenancy Single
Brand/Tenant KEDPLASMA
Lease Type NN
Lease Expiration 10/31/2033
Remaining Term 7.4
Rent Bumps Yes
Lease Options Three 5-year
Year Built 1949
Acreage 0.290
Investment Type Net Lease
Lease Commencement 11/01/2018

7.50% Cap Rate | Downtown El Paso | 8+ Years Remain | 10% Bumps

Marketing description

The Boulder Group is pleased to exclusively market for sale a single tenant net leased KEDPLASMA property located in El Paso, Texas. The tenant began occupying the space in 2018 with a 15-year lease that runs through October 2033. The subject lease contains 10% rental escalations throughout the primary term and three 5-year renewal options. Additionally, Texas is an income tax free state.

The 34,357 square-foot building benefits from its signalized hard corner position along Paisano Drive, which experiences over 26,200 vehicles per day and is located in downtown El Paso. The property also benefits from its proximity Interstate 10 which handles more than 187,000 vehicles per day. Interstate 10 also connects El Paso to San Antonio and Tucson. The subject is positioned less than a five-minute drive from the University of Texas at El Paso (24,000 students) and The Hospitals of Providence Memorial (500-Bed). There are over 108,0001 people living within a five-mile radius of the property that earn an average household income of $57,768. Additionally, El Paso’s neighboring city, Ciudad Juárez, has a population of over 1.5 million people. Many of these residents’ travel across the border to visit, work, and shop in El Paso.

KEDPLASMA is a prominent global leader in the collection of high-quality human plasma, operating over 70 plasma donation centers across the United States, and contributing to the collection of approximately 800,000 liters of plasma annually. As a subsidiary of Kedrion Biophar-ma, an Italian company with over 2,500 employees and a presence in more than 100 countries, KEDPLASMA plays a crucial role in supporting the treatment of rare and serious diseases, such as hemophilia, immune deficiencies, and other blood disorders.

1) Population is not inclusive of Ciudad Juárez population.

Investment highlights

  • Central location in Downtown El Paso

  • E-commerce resistant & essential business

  • KEDPLASMA is a prominent global leader in the collection of high-quality human plasma, operating over 70 plasma donation centers across the United States

  • Texas is an income tax free state

  • 8+ years remain on the primary lease term

  • 10% rental escalations every five years

  • Located at the intersection of Paisano Drive (26,200 VPD) & Stanton St

  • Proximity to Interstate 10 (187,000 VPD)

  • Over 108,000 people live within a five-mile radius (Not inclusive of Ciudad Juárez population)

  • Ciudad Juárez is home to 1.5 million residents, many of which cross the border into El Paso daily

  • Average household income within five miles is $57,768

  • Less than five minutes from the University of Texas at El Paso (24,000 students) & The Hospitals of Providence Memorial (500-Bed)

Listing Contacts

RB
IL IL 471005983
The Boulder Group
JG
IL 471007006
The Boulder Group
Listed by The Boulder Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$262,992.00
$21,916.00/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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