4315-4317 Montana Avenue, El Paso, TX 79903

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.