6460 Hiller St - Office FOR SALE


El Paso, TX 79925
$2,606,400 USD
915-479-5151
6460 Hiller St, El Paso, TX for Sale
$2,606,400 USD
Office - FOR SALE
1/8
null | 7.75% Cap Rate

6460 Hiller St
El Paso, TX 79925


HIGHLIGHTS

  • Ground lease rent is currently $2,397.31/month, included in CAM
  • Underlying ground lease has term through December 31, 2059 and one, ten-year renewal option.
  • Ground lease rent is subject to CPI adjustment every 5 years
  • Building Measures Approximately 16,833 Square Feet
  • Absolute NNN Lease
  • Close to El Paso Airport and Interstate 10

OVERVIEW

Fully Leased Triple Net Investment Opportunity Secure a strong income-producing asset with this fully leased triple net investment, structured as a land lease with ground rent and base rent in place. Tenants are responsible for all triple net expenses, providing an attractive passive investment structure. The property features a total building area of 16,833 square feet and includes a five-year renewal option beginning in 2031, with rent scheduled to increase to $13.39 per square foot at that time. Ideally located less than one mile from the airport and with convenient access to Interstate 10, this offering provides excellent connectivity and long-term investment potential.

FOR SALE DETAILS

PRICE

$2,606,400 USD

PRICE/SF

$155 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Absolute NNN @ 7.75% CAP Near El Paso Airport

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

4.52 AC

LAND SF

196,891 SF

ZONING

SCZ

APN/PARCEL ID

E378-999-002B-2500

ASK ABOUT THIS PROPERTY

Juan UribeTeam Juan Uribe LLCMore Info
915-479-5151

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Juan UribeTeam Juan Uribe LLCMore Info
915-479-5151

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