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1740 Joe Battle Boulevard

MDH Partners Acquires 554,960 SF Industrial Portfolio In El Paso, Texas
SOLDIndustrial

MDH Partners Acquires 554,960 SF Industrial Portfolio In El Paso, Texas

1740 Joe Battle Boulevard

Building Size

554,960 SF

Asset Type

Industrial

Closing

May 14, 2024

AI

The Loop 375 Industrial, a Class-A industrial portfolio in El Paso, Texas, comprising three buildings and spanning 554,960 square feet on 36.68 acres, was acquired by MDH Partners. The property, situated at the northeast corner of Amesbury Avenue and Joe Battle Boulevard, offers premier frontage, visibility, and direct access to Loop 375, catering to the robust demand in the El Paso industrial market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1740 Joe Battle Boulevard
  • Market: El Paso

Bret Felberg and Jeff Morris from Colliers International represented MDH Partners in the acquisition of the Loop 375 Industrial property. Georga Rowe from MDH Partners led the purchase of this strategic industrial asset in El Paso, Texas.

Players

Jeff Morris

Colliers

Broker

$104.3M

vol

4 deals

Broker

El Paso Industrial Market Snapshot

Boundary boundary · Industrial · Sale 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