5869 Waycross Ave - Warehouse FOR SALE


El Paso, TX 79924- Dolphin
$2,667,717 USD
818-907-9525
5869 Waycross Ave, El Paso, TX for Sale
$2,667,717 USD
Warehouse - FOR SALE
1/4
null | 6.35% Cap Rate

5869 Waycross Ave
El Paso, TX 79924
Dolphin


HIGHLIGHTS

  • ABSOLUTE NNN LEASE: Ideal passive investment opportunity, backed by a true triple-net lease with zero financial landlord responsibilities
  • INVESTMENT-GRADE TENANT: Loomis is a nationally recognized cash-management and secure-logistics operator with a BBB S&P Credit Rating
  • TERM & RENT INCREASES: Five years remaining on the base term, with three 5-year renewal options, where rent is to be increased to market rate
  • TEXAS TAX BENEFITS: Texas has no personal or corporate income tax which enhances overall investor yield and long-term return potential
  • STRATEGIC EL PASO LOCATION: One of the Southwest’s most active logistics hubs fueled by cross-border trade and easy access to major transportation
  • STEADY LABOR POOL & DIVERSE ECOMONY: Supported by consistent industrial demand, international commerce and major federal and defense employers

OVERVIEW

This investment offers an ideal passive opportunity with an absolute triple net lease requiring zero financial responsibilities from the landlord. Loomis is a nationally recognized cash management and secure logistics operator with an investment grade credit profile and a long history of stable performance. The lease has five years remaining on the base term and includes three five-year renewal options with rent adjusted to market rates. Located in the heart of El Paso, one of the Southwest’s most active logistics hubs, the property benefits from strong cross-border trade, access to major transportation routes, and a resilient local economy supported by a steady labor pool and major federal and defense employers. Additionally, Texas’s lack of personal and corporate income tax enhances overall investor yield and long-term return potential.

FOR SALE DETAILS

PRICE

$2,667,717 USD

PRICE/SF

$120 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loomis U.S. | Secure Armored Cash Management

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Service Station, Distribution, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

UTILITIES

Lighting, Water

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.8

LAND SF

78,408

ZONING

Commercial

APN/PARCEL ID

S554-999-0010-8100,S554-999-0010-9200

ASK ABOUT THIS PROPERTY

Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

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Lior RegenstreifNNN Investment Group of Marcus & MillichapMore Info
818-907-9525

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.