AGE INDUSTRIES, INC. (EL PASO, TX)

SALE LEASEBACK

491 SOUTH DARRINGTON ROAD, EL PASO, TX 79928
Price :
$ 2,092,000
Cap Rate :
9.50%
NOI :
$ 198,800
Lot Size :
3.00 acres
Year Built :
1990
Property Area :
56,800 sqft
Status :
AVAILABLE
MARKETING PACKAGE

By downloading the Marketing Package (“Offering Memorandum”) you hereby agree to the CONFIDENTIALITY AND BUYER REGISTRATION AGREEMENT.

 

Investment Highlights

• 56,800-Square Foot Distribution Facility Situated on Three Acres
• Short-Term Leaseback with AGE Industries- a Packaging and Shipping Supply Company
• Building Features Masonry Construction and Six Dock Doors
• Property is Zoned M-1 Light Industrial
• Proximate to I-10, a Major Cross-Country Interstate

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 491 South Darrington Road in El Paso, Texas, leased to AGE Industries, Inc. The subject property consists of approximately 56,800 square feet of space and is situated on three acres of land. The distribution facility features masonry construction, six dock doors, and is zoned M-1 Light Industrial. The subject property is proximate to Interstate 10, a major cross-country interstate. The short-term sale-leaseback with packaging and shipping supply company AGE Industries, Inc. provides ample time to replace the tenant.

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 bicultural 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. In 2018 alone, El Paso County added 4,200 jobs. Major employers include Pacific Union Financial, UPS, Veritas Management Group, and iFly.

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. © 2019 Marcus & Millichap. All rights reserved. (Activity ID: ZAA0060238)

Exclusive Listing

Adam Abushagur
(972) 755-5223
Lic # TX : 661916

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