Cliff Drive Medical Plaza

  • Medical
El Paso
Location: Texas
  • Building Size: 29,025 sq/ft
  • Cap Rate: 8.42 %
  • Status: Available
$6,250,000.00

Property Information

  • Type: Medical
  • Year Renovated : 2018
  • Lot Size : 3.47
  • Year Built : 1994
  • Building Size : 29025
  • Cap Rate : 8.42
  • Status : Available

Investment Overview

The Cliff Drive Medical Plaza is located at 1225 East Cliff Drive in El Paso, Texas. The medical office buildings, which occupy a total of 29,025 square feet, were constructed in 1994, renovated in 2018, and are situated on 3.47 acres of land.

El Paso is the county seat of El Paso County, Texas, and located in far West Texas. As of July 1, 2013 the population estimate from the U.S. Census was 673,433, making it the 19th most populous city in the United States. Its U.S. metropolitan area covers all of El Paso and Hudspeth counties, with a population of 831,036. El Paso stands on the Rio Grande, across the border from Juarez, Chihuahua, Mexico. The two cities, along with Las Cruces, form a combined international metropolitan area, sometimes referred to as El Paso del Norte, or El Paso-Juarez-Las Cruces, with over 2.7 million people. The El Paso-Juarez region is the largest bilingual, binational work force in the Western Hemisphere.

The El Paso Medical Buildings are located between East Schuster Avenue and East Cliff Drive. The property is less than one mile from Interstate 10, the southernmost interstate highway that stretches from the Pacific Ocean in Santa Monica, California, to I-95 in Jacksonville, Florida. This location is situated near multiple hospitals including: The Hospitals of Providence, a 40,000 employee, 900+ physician Hospital that has been in operation since 1902, The Sierra Campus – a 350 bed heart care, neuro and brain services, back and spine surgery center, as well as a few others.

Investment Highlights

  • Multi-Building Medical Office Complex Located in El Paso’s “Pill Hill” Medical Area
  • Anchored by Fresenius Medical Care (47% of Complex Square Footage)
  • 88.7% of Complex Under Lease Until 2023 or Later
  • High-Visibility Location at the West Quadrant of Brown Street and Cliff Drive
  • El Paso Has Consistently Been Ranked as One of the Safest Cities in the U.S.

Facilities

Share this property:


Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Michael Hansen

Medical Specialist

License: TX 687468