East Building - Parcel D
30,529 SF | 100% Leased | Retail Building | El Paso, TX 79904 | For Sale
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Retail
- Square Feet
- 30,529 SF
Listing Contacts
Chris Duncan
Verified Profile
Hector J. Martinez, CCIM
Verified Profile
- Property Info
Property Overview
Break into the El Paso retail market with this exclusive acquisition opportunity for Sunrise Village, presented by REPcre. The four-parcel offering is available as a portfolio, or investors can purchase the assets individually. Sunrise Village is a prominent shopping center totaling 184,021 square feet on almost 15 acres and boasts a desirable mix of tenants that work well with each other. It is located in El Paso County and zoned C-3.
Parcel D, East Building, features a 30,529-square-foot building on a 2.68-acre lot at the corner of Tetons Steet and Guadalupe Drive. This property is 100% leased with Habitat for Humanity, which occupies 8,450 square feet, and a skating rink leases about 22,000 square feet.
Sunrise Village boasts convenient accessibility off of US 54, a main North-South artery that is used as a primary connector to reach Downtown El Paso, El Paso International Airport, Fort Bliss, and Interstate 10. El Paso is the largest commercial real estate market in West Texas and has a historically strong retail landscape. The city’s position as an international point of entry at the US-Mexico border has formed a diverse economy made it a major hub for an array of industries from logistics to public administration. The retail vacancy rate in the El Paso market as of April 2024 was 2.5%, and the 10-year trailing average is 3.85%, astoundingly low figures compared to the national index. Supply pressures are minimal without substantial construction projects on the way, and retail rents rose by 16% from 2020 to 2024, underpinning the high demand for retail space in the market. Explore the diverse investment prospects of this offering, accentuated by its strategic accessibility and prominent tenant lineup. Get in touch.
Parcel D, East Building, features a 30,529-square-foot building on a 2.68-acre lot at the corner of Tetons Steet and Guadalupe Drive. This property is 100% leased with Habitat for Humanity, which occupies 8,450 square feet, and a skating rink leases about 22,000 square feet.
Sunrise Village boasts convenient accessibility off of US 54, a main North-South artery that is used as a primary connector to reach Downtown El Paso, El Paso International Airport, Fort Bliss, and Interstate 10. El Paso is the largest commercial real estate market in West Texas and has a historically strong retail landscape. The city’s position as an international point of entry at the US-Mexico border has formed a diverse economy made it a major hub for an array of industries from logistics to public administration. The retail vacancy rate in the El Paso market as of April 2024 was 2.5%, and the 10-year trailing average is 3.85%, astoundingly low figures compared to the national index. Supply pressures are minimal without substantial construction projects on the way, and retail rents rose by 16% from 2020 to 2024, underpinning the high demand for retail space in the market. Explore the diverse investment prospects of this offering, accentuated by its strategic accessibility and prominent tenant lineup. Get in touch.
Property Details
- Class
- C
- Year Built
- 1957
- Stories
- 1
- Lot Size (sq. ft)
- 116,741 SF
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