1310 Murchison Dr
El Paso, TX 79902

• Unit Size: 10,803 SF
• Condo Use: Medical
• Price: $3,560,000 USD
• Sale Type: Investment
• Price/SF: $329.54 USD

Description

A short distance from US Interstate 10, this property features great visibility, convenience, and easy access with exposure to excellent traffic counts. The site is located in close proximity to a major medical corridor of West Central El Paso, making the location very convenient for medical patients throughout the El Paso municipal area. The nearby medical presence includes names and centers such as The Hospitals of Providence Sierra, Buena Vista Eye Care, Texas Tech Physicians of El Paso Pediatrics, Southwest NeuroSpine Institute, Imaging & Interventional Specialists, A Center of The Heart, showing the value that this property has long-term from a medical office standpoint.

Sale Notes

The subject property is a 2014 DaVita build-to-suit clinic which measures 10,803 square feet. DaVita signed a 15-year, NNN, corporate guaranteed lease which commenced on June 26, 2014 and expires June 25, 2029 with two five-year options to extend. The lease calls for favorable increases of 10% every five years, with the next increase taking place in June 2024.

For more than 40 years, DaVita has been on the leading edge of kidney care and continues to innovate and grow in order to save the lives of its patients. DaVita is the country’s largest kidney care provider, with a vast renal care network that performs over 2,500,000 dialysis treatments every month in over 3,100 dedicated clinics.