For Auction
Asset Snapshot
Offering Summary
Former AT&T Industrial
Backfill/Redevelopment Opportunity | El Paso, TX
Investment Highlights
Description
CBRE is pleased to present a 6,947 Square Foot industrial utility facility (“Property”) spread across 0.60 acres at 9390 McCombs Street in El Paso, TX (intersection of McCombs St and Wren Ave). The Property is zoned M-1 which allows for light manufacturing uses. The Industrial vacancy rate in the Northeast submarket of El Paso is currently 8.1% and average industrial rents are $4.88 PSF according to CoStar. The Property surrounds residential communities with a median home value of $114,848 and as of 2019 has approximately 130,369 individuals residing within a 5-mile radius. Population growth is expected to jump 1.2% over the next five years.
Due Diligence
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
