Marcus & Millichap is pleased to present the opportunity to acquire the property located at 1 LTV Road in Horizon City. The subject property consists of approximately 70,825 square feet of manufacturing, assembly, office, and warehouse space and is situated on 345.18 acres of land. The four-building asset features insulated steel construction, a clear height of 22’, 12 grade-level doors, ten HVAC units, and three-phase power. Formerly used by a defense contractor, the property is also equipped with seven military-grade storage bunkers. With proximity to Interstate 10, the property sits about 29 miles from Downtown El Paso and 14 miles from the international Zaragoza Port of Entry. Priced at $2.00 per square foot of land area, this sale is ideal for industrial development. The property is the only available large development opportunity within the Horizon City limits. Zoned M-1 for light industrial, the property is located in a federally designated opportunity zone. Seller financing is available on a case-by-case basis, and buyers have the option to purchase the entire parcel or subdivided tracts. At $37,000, the 2025 property tax bill offers low carrying costs, suitable for long-term development plans.
The El Paso market maintains 86.5 million square feet of industrial space. In the 12 months through Q3 2025, industrial demand rebounded into positive territory with 1.5 million square feet absorbed on net. During this time, 4.9 million square feet of industrial space was delivered, resulting in a vacancy rate of 12.5 percent. Annual rent growth stood at 1.2 percent in Q3, which is in line with the national average. Over the last decade, the average market rent has increased by 64.9 percent. With 3.2 million square feet of industrial space under construction in El Paso (representing 3.7 percent of inventory), supply will have a moderate impact on vacancies and rents going forward (CoStar). As the largest industrial border market in Texas, El Paso is a major hub for cross-border trade between the U.S. and Mexico. While international trade has been recently impacted by the tariffs, bilateral trade with Mexico has held up well compared to other U.S. partnerships and will likely flourish more in the future. The property is well-positioned for tenants or users to pursue Foreign-Trade Zone (FTZ) designation under the El Paso County Regional FTZ program. This status allows qualified users to defer, reduce, or eliminate duties on imported goods, creating a valuable operational and financial advantage for logistics providers, importers, and manufacturers engaged in cross-border trade. FTZ eligibility is a rare and strategic differentiator in this submarket.
The El Paso metro is located at the westernmost corner of Texas, bordering New Mexico and the state of Chihuahua in Mexico. It is composed of El Paso and Hudspeth counties. Access to Mexico plays a major role in the local economy. The city of El Paso, when combined with Las Cruces, New Mexico, and Ciudad Juarez in Mexico, makes up the Borderplex region (also known as the international metropolitan area of Paso del Norte), featuring one of the largest bilingual and binational labor pools in the western United States. As the largest metro along the Texas-Mexico border and the sixth-largest city in Texas, El Paso is a top 20 percent U.S. performing economy and represents one of the largest manufacturing centers in North America. Recognized as globally competitive, the region boasts the largest bilingual and bi-cultural workforce in the Western Hemisphere (elpasotexas.gov). El Paso was a finalist for the 2018 National League of Cities “All-America City,” 2018 Best of Texas Awards, and WalletHub’s #1 Best Run City in Texas in 2017. Major employers include Pacific Union Financial, UPS, Veritas Management Group, and iFly (Marcus & Millichap).
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAG0490136)
