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Key facts
Building Area Gross |
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Occupancy | 100.0 % |
Portfolio description
JLL Capital Markets is pleased to present the rare opportunity to acquire the El Paso Distribution Portfolio (the “Property”, “Properties” or “Portfolio”), a Class B, industrial portfolio located across the El Paso MSA in El Paso, Texas and Santa Teresa, New Mexico. The Portfolio is comprised of 4-buildings totaling 326,166 square feet of infill distribution space that is 100% leased to a dynamic tenant roster of diverse industries with 3.5 years of weighted average lease term remaining. With in-place rents approximately 27% below market across the Portfolio, potential investors have an exceptional mark-to-market opportunity as El Paso’s industrial market has seen 10.5% rent growth over the last year and is currently 98.5%-leased market-wide. The Portfolio features premier, infill logistics locations with immediate access to vital local and regional highways infrastructure including Interstate 10/Interstate 25, Loop 375, UP Intermodal, Ysleta-Zaragoza International Bridge, and the Santa Teresa Port of Entry.
Investment highlights
- 100% Leased with Secure In-Place Cash Flow
- Exceptional Mark-To-Market Opportunity
- Versatile Industrial Product Catering to Bulk Distributors
- Premier Infill, Distribution Locations within the Borderplex
- North America’s 7th Largest Manufacturing Hub