501 Executive Center Blvd, El Paso, TX 79902
10,218 SF | 91% Leased | Office Building | El Paso, TX 79902 | $1,800,000 ($176/SF)
For Sale
Active
Asking Price $1,800,000
- Property Type
-
Office
- Square Feet
- 10,218 SF
- Price / Square Foot
- $176
Listing Contacts
Will C. Brown
Property Overview
Nestled in the heart of West El Paso, this contemporary, two-story glass project offers seamless access to Interstate 10 and Loop 375, providing unparalleled visibility and quick connectivity. Its strategic location affords sweeping vistas of the Franklin Mountains and western sunsets, adding a touch of scenic charm to the professional atmosphere. Situated just a five-minute drive from El Paso’s thriving central business district and a mere 15 minutes from the international airport, convenience is a certainty in every aspect of this property's allure.
With a robust tenant base comprising professional firms, this building ensures a steady income stream, fortified by annual escalations and opportunities for further rental growth in a thriving sub-market with increasing office rents. Moreover, the property boasts ample parking facilities, monument signage, and a unique prospect of prime building face signage for tenants seeking maximum exposure.
Investment Highlights:
---) Upside on rent escalation with market rents
---) Annual increases on current leases
---) Opportunity to reduce OPEX with green initiatives
---) Ideal asset for owner/investor
---) Seller financing option
With a robust tenant base comprising professional firms, this building ensures a steady income stream, fortified by annual escalations and opportunities for further rental growth in a thriving sub-market with increasing office rents. Moreover, the property boasts ample parking facilities, monument signage, and a unique prospect of prime building face signage for tenants seeking maximum exposure.
Investment Highlights:
---) Upside on rent escalation with market rents
---) Annual increases on current leases
---) Opportunity to reduce OPEX with green initiatives
---) Ideal asset for owner/investor
---) Seller financing option
Property Details
- Class
- B
- Year Built
- 1986
- Stories
- 2
- Lot Size (sq. ft)
- 33,541 SF
Highlights
- Visibility from I-10 and Executive Center Blvd
- Easy access to I-10, Loop 375, and N. Mesa St.
- Location is 4 mins from University of Texas El Paso, 5 mins from Downtown El Paso, and 16 mins from El Paso International Airport
- Traffic light at entrance to building provides dedicated access to the property for tenants and visitors
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