AGE INDUSTRIES, INC. (EL PASO, TX)
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• 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
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.