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Listed by eXp Realty LLC
$ 700,000
Est. payment /mo
Active
4315-4317 MONTANA AVE El Paso, TX 79903
4,791 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,791 sqft
Price per Sqft $146
MLS Listing ID 946589
Lot Size 4,791 Sqft
Acres 0.11
Source Greater El Paso Association of REALTORS®
Property Description
100% leased, two tenants, about $59,400 a year in rent. 4315-4317 Montana Ave is a two-suite building of about 3,065 sq ft on one of Central El Paso's main corridors, with leases that pass taxes, insurance and operating expenses through to the tenants on top of base rent. Suite 4315 (about 1,875 sq ft): Freeway Insurance (Confie Administrative Services, Inc., a national company), base rent $2,500/month plus expenses, lease through September 30, 2028, with one 3-year renewal option. Suite 4317 (about 1,185 sq ft): Muse Studios hair and nail studio, base rent $2,451.57/month plus an estimated $348.43/month in expenses ($2,800 total), lease through September 30, 2029, personally guaranteed. Both tenants invested heavily in their build-outs. Combined base rent of $4,951.57/month is roughly an 8.5% cap rate on list price before landlord expenses; buyer to verify. Two front and two rear parking spaces per suite. Leases and financials available to qualified buyers.
Location
State TX
County El Paso
Zoning C2
Rooms
Other Rooms See Remarks
Interior
Heating Central
Cooling Refrigerated
Fireplaces Number 5000
Fireplace Yes
Exterior
Parking Features 2+ Spaces per Unit
Utilities Available All City
Building
Story 1
Water City
Level or Stories 1
Others
Tax ID G56999907001600
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/gepar/946589
