Anonymous California-Based Investor Acquires El Paso Retail Building Leased To Firestone
12312 Eastlake Boulevard
Building Size
5,798 SF
Asset Type
Retail
Closing
Jan 22, 2024
AI
A 5,798 square foot retail building in El Paso has been sold in a recent transaction. The property, located at 12312 Eastlake Boulevard, sits on 1.3 acres of land. The building is currently leased to Firestone on a triple-net basis.
Summary of transaction details
- Property Type: Retail
- Square Footage: 5,798
- Acres: 1.3
- Market: El Paso
Don McMinn of Marcus & Millichap represented the seller in the all-cash transaction. The buyer was an anonymous California-based 1031 exchange investor. The deal was brokered by Marcus & Millichap's Taylor-McMinn Retail Group.
Players
El Paso Retail Market Snapshot
Boundary boundary · Retail · 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