VanTrust Real Estate Leases Industrial Property In El Paso To OLA Logistics, Interceramic, And Buckland Global Trade Services
12220 Paseo Del Este Boulevard, El Paso, Texas 79928, United States
Building Size
187,323 SF
Asset Type
Industrial
Closing
Feb 22, 2022
AI
An industrial property located at 12220 Paseo Del Este Boulevard and 12425 Mercantile Avenue in El Paso has been leased. The property spans approximately 187,323 square feet, making it suitable for various industrial activities. The lease was finalized on February 23, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: February 23, 2022
- Address: 12220 Paseo Del Este Boulevard & 12425 Mercantile Avenue, El Paso
- Market: El Paso
- Square Footage: 187,323
The property was leased by OLA Logistics, LLC, Interceramic, Inc., and Buckland Global Trade Services, Inc. The landlord in this transaction is VanTrust Real Estate, LLC, represented by Josh Meredith. The tenant's representatives include David Hingst from PIRES International, Steve Berger from CBRE Dallas, Chad McCleskey from CBRE El Paso, and Andres Sandoval from CBRE El Paso.
Players
El Paso Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93